{"id":14144,"date":"2022-10-26T10:33:55","date_gmt":"2022-10-26T10:33:55","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-btc-rally-above-20500-causes-massive-liquidations\/"},"modified":"2022-10-26T10:33:55","modified_gmt":"2022-10-26T10:33:55","slug":"bitcoin-btc-rally-above-20500-causes-massive-liquidations","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-btc-rally-above-20500-causes-massive-liquidations\/","title":{"rendered":"Bitcoin (BTC) rally above $20,500 causes massive liquidations"},"content":{"rendered":"

(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum & Crypto News )<\/b>
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The crypto market has seen some recovery today with the prices of the majority of cryptocurrencies registering significant price surges. Bitcoin (BTC) price<\/a> had, for example, surged by more than 6% to trade above $20,600 at press time. Ethereum (ETH) price<\/a> on the other hand had gained 14% over the last 24 hours to trade above $1,500.<\/p>\n

In general, the global crypto market cap had increased by about 7.29% over the last 24 hours to about $996.83B.<\/p>\n

Over $1.1 billion worth of liquidations<\/h2>\n

The sudden surge in crypto prices has resulted in massive liquidations\u00a0<\/a>mostly from traders who had shorted the bear market.<\/p>\n

In total, contracts worth about $1.1 billion according to Coinalyze<\/a> have been liquidated over the past 24 hours. Perpetual contracts<\/a> accounted for a majority of the total liquidations with about $1 billion worth of liquidations. Futures<\/a> contracts only saw liquidations worth about $6.8 million.<\/p>\n

In terms of the type of trades, the bulk of these liquidations were from short positions<\/a> which saw liquidations worth over $908.1 million in the last 24 hours with perpetual short positions seeing liquidations worth about $901.6 million.<\/p>\n

Long positions<\/a> from traders who mistimed the bull rally also saw their positions liquidated due to the return of volatility. In total, according to Coinalyze, about $142.1 million worth of long positions have been liquidated over the past 24 hours.<\/p>\n

FTX sees the most liquidations<\/h2>\n

Crypto exchange FTX registered over $745 million in short liquidations and over $115 million in long liquidations. Binance <\/a>follows in the second position with over $56 million in short liquidations and over $14 million in long liquidations.<\/p>\n

OKX exchange<\/a> has seen $39.58 million worth of short liquidations and $4.40 million worth of long liquidations. Bybit comes at position four with $31.30 million worth of short liquidations and $4.46 million worth of long liquidations.<\/p>\n

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(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum & Crypto News ) The crypto market has seen some recovery today with the prices of the majority of cryptocurrencies registering significant price surges. Bitcoin (BTC) price had, for example, surged by more than 6% to trade above $20,600 at press time. Ethereum (ETH) price on the […]<\/p>\n","protected":false},"author":7,"featured_media":14145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/14144"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=14144"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/14144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/14145"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=14144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=14144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=14144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}