This post was originally published on Coinspeaker
Key NotesThe broader crypto market suffered a total liquidation of $481.82 million in 24 hours.Bitcoin liquidation was pegged at $237.38 million, while Ethereum’s came in at $97.5 million.The prices of these crypto assets have recovered significantly within the last 24 hours.
CoinGlass liquidation heatmap shows that about 122,371 traders were liquidated within the last 24 hours. Their total liquidations summed up to $481.82 million, with Bitcoin BTC $93 088 24h volatility: 1.1% Market cap: $1.86 T Vol. 24h: $83.42 B taking the largest blow. Noteworthy, the largest single liquidation order took place on Bybit and was valued at $13 million.
Bitcoin and Ethereum Prices Shiwn Signs of Recovery
Of the $481.82 million liquidated in the crypto market, Bitcoin traders suffered a massive loss of $237.38 million.
This liquidation spotlights mostly short traders who are at the extreme losing end, suffering a total BTC liquidation of $220.74 million. Long traders were only mildly affected to the tune of $16.63 million.
This breakdown suggests that a large number of investors were expecting the Bitcoin price to crash further after the bearish week it recorded recently.
About two weeks
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