WuBlockchain
Bitcoin traded at approximately $80,510, up 4.2% in 24 hours, after midterm election results were released. In the prior hour, $268.96 million in short positions were liquidated across markets, including $192.26 million in BTC liquidations.
Why it matters
The liquidation figures point to a sharp squeeze in bearish positions as Bitcoin rallied. Shorts accounted for 96.4% of BTC liquidations in the hour, amplifying the move as positions were forced to close.
Market impact
Total liquidations across the market reached $363.67 million in the hour and $933.18 million over 24 hours, affecting 120,141 traders. ETH liquidations totaled $124.05 million in the hour. The reported figures show the scale of forced unwinds accompanying the rally, without establishing whether the move will continue.
Frequently asked questions
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How much did Bitcoin rise over the 24 hours?
Bitcoin was trading at approximately $80,510, up 4.2% over 24 hours.
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How much of the one-hour market liquidations came from short positions?
Short liquidations totaled $268.96 million out of $363.67 million in market-wide liquidations during the hour.
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What share of Bitcoin liquidations were shorts?
Shorts accounted for 96.4% of Bitcoin liquidations, which totaled $192.26 million in the hour.
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How much was liquidated across markets over 24 hours?
Total liquidations reached $933.18 million over 24 hours, affecting 120,141 traders.
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How did ETH liquidations compare with BTC liquidations?
ETH liquidations totaled $124.05 million in the hour, compared with $192.26 million for BTC.
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