Tuesday, July 1, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Ethereum

As Bitcoin, Ethereum skyrocket, short positions take $120 mln hit

n70products by n70products
November 11, 2024
in Ethereum
0
As Bitcoin, Ethereum skyrocket, short positions take $120 mln hit
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


  • In the previous couple of days, quick positions have taken consecutive hits.
  • The market might see extra liquidations as extra belongings break into new worth ranges.

The crypto market skilled one other spherical of serious liquidations within the final buying and selling session on the ninth of November, pushed by actions in main cash like Bitcoin [BTC] and Ethereum [ETH].

The market reacted strongly as these belongings pushed into new worth ranges, resulting in substantial liquidations, notably for brief positions.

With indicators just like the Concern and Greed Index approaching excessive ranges, market watchers are bracing for potential additional liquidations.

Market liquidations surpass $280 million

On the sixth of November, as Bitcoin reached a brand new all-time excessive of $76,000, market liquidations spiked, reaching over $600 million.

This included practically $427 million in brief liquidations, marking the best quick liquidation degree in over six months. Lengthy liquidations totaled roughly $184 million.

Extra just lately, on the ninth of November, market liquidations remained elevated, surpassing $280 million.

In accordance with knowledge from Coinglass, quick positions continued to bear the brunt, accounting for about $189 million of the whole liquidation quantity. 

Market liquidationMarket liquidation

Supply: Coinglass

As compared, lengthy liquidations stood at round $92 million. As of the newest replace, quick liquidation quantity was near $120 million, with lengthy liquidation quantity at roughly $22 million.

This sample means that quick merchants are dealing with important losses as they guess in opposition to the upward motion in main crypto belongings.

Main belongings hit by market liquidation

Over the previous 24 hours, Bitcoin’s worth has risen by greater than 3%, edging near the $80,000 mark—a brand new all-time excessive.

Coinglass knowledge reveals that Bitcoin led the liquidation volumes, with over $100 million in whole liquidations throughout the previous day.

Brief liquidations for Bitcoin alone reached $87 million, whereas lengthy liquidations totaled round $13 million.

Ethereum additionally recorded substantial liquidation volumes, rating second after Bitcoin. Ethereum noticed greater than $56 million in brief liquidations and an extra $13 million in lengthy liquidations. 

Different belongings affected by important liquidation volumes included Dogecoin, which skilled round $16.7 million in brief and $4 million in lengthy liquidations.

Solana [SOL] and Sui [SUI] each confronted substantial liquidation volumes as nicely, with quick positions at $13 million and virtually $13 million, respectively, whereas lengthy liquidations have been $3.7 million and $1.3 million.

What’s subsequent for the market?

The present ranges of market liquidation are influenced by heightened investor sentiment, as indicated by the crypto Fear and Greed Index. On the time of writing, the index stands at 78, reflecting a state of “excessive greed.”

This heightened optimistic sentiment, coupled with worry of lacking out (FOMO), is pushing extra merchants into energetic positions, which, in flip, might result in extra market liquidations.

Because the market reveals indicators of overheating, merchants and buyers ought to stay cautious.

The elevated exercise might drive costs increased, but it surely additionally raises the chance of extra liquidations if the market corrects or reverses.

With Bitcoin nearing file highs and different main belongings following go well with, the potential for volatility stays excessive.

If the Concern and Greed Index continues to climb, the crypto market may even see much more substantial liquidations within the coming days, particularly amongst leveraged positions.

Earlier: XRP eyes breakout: Will THIS push the altcoin past $0.6533?
Subsequent: Dogecoin poised for 50% rally? Key levels to watch out for



Source link

Tags: BitcoinEthereumhitmlnPositionsShortskyrocket
Previous Post

‘Just Getting Started’ – Analyst Unveils Big Dogecoin Target, Sees ‘Crazy Bullish’ Chart for Ethereum-Based Coin

Next Post

XRP Price Fights for a Steady Climb: Will Bulls Prevail?

Next Post
XRP Price Fights for a Steady Climb: Will Bulls Prevail?

XRP Price Fights for a Steady Climb: Will Bulls Prevail?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

OpenSim land area, active users up for the holidays – Hypergrid Business

OpenSim land area, active users up for the holidays – Hypergrid Business

December 16, 2024
Ethereum Price Retreats—Will It Find Support or Drop Further?

Ethereum Price Shows Strength — Bulls Active and Eyeing Upside

May 1, 2025
Mega Bank Says Ethereum Price Could Reach $14,000, Here’s Why

Mega Bank Says Ethereum Price Could Reach $14,000, Here’s Why

March 19, 2024
XRP Analyst Sets $2 Target If It Holds Key Level – Can It Reach Multi-Year Highs?

XRP Analyst Sets $2 Target If It Holds Key Level – Can It Reach Multi-Year Highs?

November 24, 2024
Crypto Trader Predicts 50%+ Surge for Polygon Rival, Says Cardano Setting Stage for Potential Rally

Crypto Trader Predicts 50%+ Surge for Polygon Rival, Says Cardano Setting Stage for Potential Rally

December 29, 2023
Grantee Roundup: April 2021 | Ethereum Foundation Blog

Grantee Roundup: April 2021 | Ethereum Foundation Blog

August 21, 2024

Recent Posts

  • XRP Price Eyes $2.70 Target as Ripple Launches EVM Sidechain on Mainnet
  • US Government To Be Hit With $3,300,000,000,000 in Additional Deficits Under Senate Tax Bill: CBO
  • Analyst Reveals Rational Behind XRP Price Reaching $9.5 And $37.5

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

XRP Price Eyes $2.70 Target as Ripple Launches EVM Sidechain on Mainnet

XRP Price Eyes $2.70 Target as Ripple Launches EVM Sidechain on Mainnet

July 1, 2025
US Government To Be Hit With $3,300,000,000,000 in Additional Deficits Under Senate Tax Bill: CBO

US Government To Be Hit With $3,300,000,000,000 in Additional Deficits Under Senate Tax Bill: CBO

July 1, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version