Over $450M Shorts Liquidated in 24 Hours as Crypto Market Extends Rally

in #crypto • last year

Traders betting against the crypto market have suffered more than $450 million in losses over the past 24 hours as major cryptocurrencies surged higher in one of the most impressive rallies in about a year.

According to data by CoinGlass, short traders suffered around $457 million across major centralized exchanges over the past day. Crypto exchange OKX took the lion’s share of these liquidations at over $241 million, followed by Binance at $116 million.
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Read more https://coinwix.com/blog/over-450m-shorts-liquidated-in-24-hours-as-crypto-market-extends-rally
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