Over the past 24 hours, long and short positions of 22,300 BTC, 66,080 ETH and 25.13 million XRP were liquidated on derivatives exchanges amid the growth of BTC to $ 39,700 and the market as a whole.
According to Bybt, positions on leading crypto assets with a total value of $ 1.13 billion per day were liquidated on derivatives exchanges. This came after the price of bitcoin surged to $ 39,700. Bybt data shows that 81% of these liquidations were short BTC (about $ 720 million).
On the derivatives exchanges, long and short positions of 66,080 ETH, 25.13 million XRP, 342 470 LINK, 120,700 ETC, 1.21 million EOS, 4.47 million MATIC and 304 760 DOT were also liquidated. 102,473 traders were liquidated, and the largest liquidation order was executed on Huobi – in BTC for $ 29.3 million.
Over the course of the day, bitcoin growth was 12%, with the main spurt occurring within the first three hours after the publication of City AM that Amazon will add support for payments in bitcoins by the end of this year. Bitcoin is now trading at about $ 38,500. Altcoins traditionally followed the first cryptocurrency. According to CoinMarketCap, the rise in prices among the top 10 cryptoassets ranged from 5% to 10%. The largest growth was shown by ADA – 9.3% and DOGE – 10.4%.
Recall that the last major liquidation on the derivatives exchanges took place at the beginning of the year – during the BTC correction, positions worth $ 2.7 billion were liquidated.
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