As Bitcoin Eyes $57K, Crypto Shorts Saw Liquidation Worth $270M In A Single Day — Analyst Warns $1B Bear Positions Face Liquidation If King Crypto Hits This Level
Published by
Benzinga
Benzinga
The cryptocurrency market started the week off with massive liquidations for investors who bet against its rise. What Happened: Coinglass, an on-chain data analysis tool reported that traders faced $364 million in liquidations on platforms such as Binance, Bybit, OKX, and Huobi. A notable portion of these were from short sellers of Bitcoin (CRYPTO: BTC). As Bitcoin advanced against the shorts, the big question on analysts’ minds was about the next critical resistance levels. The cryptocurrency market saw $158 million of Bitcoin short positions and $44 million of Ethereum (CRYPTO: ETH) short po…
