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mmayr

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mmayr

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Tuesday, 05/21/2024 10:56:14 AM

Tuesday, May 21, 2024 10:56:14 AM

Post# of 40684
Over 80,000 Crypto Shorts Liquidated For Over $290 Million In 24 Hours As Ethereum Erupts

As the Bitcoin and Ethereum prices exploded toward new all-time highs, the recently piled-on shorts have suffered the brunt of the liquidations. In the last day alone, over $360 million was liquidated from the crypto market with the majority hitting short traders.

Coinglass data shows that the last 24 hours have been brutal for crypto shorts, with almost 90,000 crypto traders seeing their positions liquidated, the vast majority of them short, leading to hundreds of millions of dollars in losses.

Source: https://www.zerohedge.com/markets/over-80000-crypto-shorts-liquidated-over-290-million-24-hours-ethereum-erupts

Economics by Following the Money ~ Globally & Nationally on Twitter @Conan644

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