Around 14,000 BTC or $ 450 million in short positions were liquidated within 24 hours.
Bitcoin exceeds $ 30,000 for the first time
A total of 450 million dollars has been liquidated on the exchanges during the last 24 hours according to the data analysis site Bybt.com.
$ 450M liquidation on BTC
The passage of Bitcoin (BTC) above $ 30,000 has resulted in many liquidations of short positions taken by traders.
Liquidation BTC Bybt
It is not less than 450 million dollars or approximately 14,000 BTC that have been liquidated on the exchanges. 90% of liquidations took place in the last twelve hours.
While many celebrated the event, others saw their situation deteriorate in just a few hours. A $ 10 million position was even liquidated on the BitMEX exchange .
Across the market
On the whole market, 600 million dollars were liquidated during the last 24 hours. Binance and Huobi exchanges concentrate the most liquidation.