Bitcoin Price Soars Above $20K, Denting Short Positions as $160M Shorts Liquidates.


Bitcoin’s price has recovered above $20,000, touching $20,800 today, showing an increase of over 7% in the past 24 hours. The rest of the market is also facing an increase, making traders excited.

The rest of the cryptocurrency market has followed this direction, but BTC appears to be the predominant leader at the time of this writing. This has left a considerable amount of liquidated positions totaling $215 million for the past 24 hours.

BTC currently leads the way with over $80 million in total liquidations. This changes because ETH was leading the way in terms of derivatives volume over the past few weeks.

This time, however, bears are underwater as over $160 million of the above were liquidated shorts.

The largest single liquidation order took place on OKEx, and it was a BTC-USDT swap with a face value of $3.62 million.

It’s also worth noting that the increased volatility comes a day after the European Central Bank hiked interest rates by 75 bps, a move that many consider to be long-term bearish for the crypto market.

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.