According to data provided by crypto analytics firm Coinglass, short positions worth $223.21 million were liquidated in the past 24 hours. They account for the bulk of the $255 million worth of positions that were eliminated.
Overall, as many as 60,427 traders were liquidated. The maximum amount for a single liquidation order is $18 million.
Binance, OKX, and HTX are among the top three in terms of amount of cryptocurrencies liquidated.
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When it comes to specific cryptocurrencies, Bitcoin, of course, accounts for more than half of all liquidated short positions ($113.8 million). Ethereum (ETH) and Solana (SOL) are in second and third place, respectively ($32.6 million and $15.4 million, respectively). Dogecoin (DOGE) and XRP are also in the top five.
Earlier today, Bitcoin hit a multi-month high of $72,952 on the CoinGecko exchange, rising nearly 6% in the past 24 hours. The stock is less than 2% away from reaching its all-time high.
Meanwhile, as reported by U.Today, the leading cryptocurrencies have already hit lifetime highs in the Canadian dollar and euro.
