Bitcoin Surge Blasts $170M in Bearish Shorts as BTC Price Targets $48K
Short traders betting against higher bitcoin (BTC) prices lost some $90 million on Tuesday alone, adding on to the $70 million in short liquidations on Monday.
Binary trading platforms with better performance and payouts
Trading
Short traders betting against higher bitcoin (BTC) prices lost some $90 million on Tuesday alone, adding on to the $70 million in short liquidations on Monday.
The AEUR-USDT trading pair hit a $3.25 high Tuesday afternoon before Binance suspended trading with the token.
Altcoins futures took a hit Monday as sudden volatility liquidated both longs and shorts, causing unusually high liquidations on some lesser-known tokens.
Overall market capitalization has risen 3% in the past 24 hours to reach a level previously seen in April 2022.
The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 1, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Overall crypto market capitalization is at its highest level since May 2022 with nearly $400 billion added since the start of October.
Data shows over $1 billion worth of BTC has been withdrawn from exchanges recently.
Expectation of U.S. approval of a spot bitcoin ETF has led to an increase in DeFi and NFT activity in recent months, the report said.
It’s the first time Talos will be routing trades through a decentralized exchange.
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 30, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.