Over the past day, the positions of 102 thousand users of crypto exchanges were liquidated. The largest loss per trade was $ 29.3 million.
Against the background of the growth of the bitcoin rate to $ 39.8 thousand, traders lost over $ 1 billion in 12 hours, according to bybt .
88% of margin positions forced to close during this time are short. This means that users of crypto exchanges entered into transactions in anticipation of a decrease in quotations.
In total, over the past day, positions of 102 thousand traders were liquidated.
The largest loss fell on a pair with bitcoin and amounted to $ 29.3 million per transaction.
In just a day, in pairs with the first liquidation cryptocurrency, they exceeded $ 852 million. In the second place according to this indicator, Ethereum – $ 154 million.
On the morning of July 26, the price of Bitcoin perpetual futures on Binance Futures reached $ 48,000 per share.
This happened after the rate of the first cryptocurrency( bitcoin) updated the local maximum at around $ 39.8 thousand.
Perhaps such an increase in quotations could be associated with the “short squeeze”. This is a massive liquidation of short positions as a result of a sharp rise in the price of an asset, which leads to an even faster growth.
Yesterday, July 25, rumors appeared on the network that the Amazon platform will begin accepting Bitcoin for payment by the end of this year.
Later, the well-known representative of the crypto community CryptoCobain (405.5 thousand subscribers on Twitter) said that it was he who launched the rumor by deceiving the “stupid crypto journalist.”
