Bitcoin's volatile market has seen a major shakeup! Reports indicate $69 million of BTC shorts liquidated in the last 24 hours, signaling a potential shift in market sentiment. Following Bitcoin’s massive rally to start this week, $69 million worth of BTC shorts have been liquidated over the last 24 hours alone. Indeed, the asset has continued its.

Coinglass data on September 19 shows that over $69 million of leveraged shorts have been liquidated in the last 24 hours. Meanwhile, more than $13 million worth of longs were also affected, highlighting the risks associated with leveraged trading. In a stunning display of market momentum, Bitcoin has seen a significant rally, leading to the liquidation of $69 million in BTC shorts in just the past day. The recent price surge appears to be squeezing short sellers, forcing them to close their positions and contributing to further upward price pressure.

While $69 million is a significant figure, other reports indicate even larger liquidations in recent periods. For instance, some sources report over $102 million worth of leveraged short positions were liquidated in the past 24 hours as Bitcoin (BTC) was trading above $70,400. Is the breakout from BTC’s weekly level sustainable? This suggests a broader trend of short liquidations impacting the bitcoin market. Bitcoin (BTC) experienced a dramatic market shift as its total liquidations surged to $97.06 million, driven by $10.98 million in long positions and a staggering $85.08 in short liquidations.

Nearly $100 million in bitcoin short positions were liquidated in the past 24 hours on centralized crypto exchanges, according to Coinglass data. The bitcoin market remains dynamic, and traders should exercise caution and conduct thorough research before engaging in leveraged trading. This liquidation event serves as a reminder of the inherent risks and volatility associated with cryptocurrency investments.