Traders continued to make their bets despite high amount of liquidations.has inspired massive optimism from traders in the crypto space as the price of BTC surged and reached the $70,000 level.
According to data from Coinglass, within the last 24 hours, a staggering 67,109 traders faced liquidation, resulting in total liquidations amounting to $190.70 million. Additionally, Coinglass highlighted a significant level of leverage, estimated at approximately $1.18 billion, positioned just above the $73,000 threshold.At the time of writing, due to the surge in BTC’s price, the percentage of long positions had grown from 48% to 51%.
As BTC’s price surges, the overall interest in profit-taking would also rise, which could cause price corrections.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CryptoAmb - 🏆 22. / 68 Read more »