Summary
- As Bitcoin hit an all-time high, there was a massive liquidation of short positions.
- It was reported that in the past hour, the Bitcoin futures market saw a liquidation of short positions worth $205 million.
- Ethereum and XRP also experienced large-scale position liquidations.
With Bitcoin (BTC), the leading cryptocurrency, hitting yet another all-time high, it has been observed that large-scale short positions (bearish bets) have been liquidated.
According to Coinglass on the 14th (Korean time), a total of $205 million (about ₩280 billion) in short positions were liquidated in the Bitcoin futures market during the past hour. In the same period, $580,000 in long positions were liquidated.
Following that, Ethereum ($15.9 million) and XRP ($2.8 million) also saw considerable liquidation scales.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
