Bitcoin rises above $21,000 as market liquidates around $300 million

The liquidation affected 92,465 traders, resulting in a loss of $286.14 million, according to Coinglass data. Most of the liquidation happens on Bitcoin and Ethereum.

Traders with short positions are closed

Bitcoin traders recorded $103.73 million in liquidations, compared to $71.66 million in ethereum liquidations over the past 24 hours.

However, LUNA was an astonishing liquidation containing over $40 million. LUNA 2 also recorded $9.87 million. ETC gets $8 million and LUNA Classic liquidates around $6 million.

The largest single liquidation occurred in OKEX BTC-USDT-SWAP, worth $3.92 million. OKEX, FTX, and Binance recorded liquidations of over $200 million.

Most liquidations are caused by short positions. The price of most cryptocurrencies has risen faster than many traders expected as the crypto markets recovered. But traders who held long positions were also liquidated.

source:

• https://pcoin.one/%e9%9a%a8%e8%91%97%e5%b8%82%e5%a0%b4%e6%b8%85%e7%ae%97%e7%b4%84 -3-%e5%84%84%e7%be%8e%e5%85%83%ef%bc%8c%e6%af%94%e7%89%b9%e5%b9%a3%e5%8d% 87%e8%87%b3-21000-%e7%be%8e%e5%85%83%e4%bb%a5%e4%b8%8a%ef%bf%bc/