{"id":599605,"date":"2024-03-26T02:00:44","date_gmt":"2024-03-26T02:00:44","guid":{"rendered":"https:\/\/uniquehot.com\/?p=599605"},"modified":"2024-06-11T07:48:25","modified_gmt":"2024-06-11T07:48:25","slug":"bitcoin-rockets-past-69000-over-60k-traders-caught","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-rockets-past-69000-over-60k-traders-caught\/","title":{"rendered":"Bitcoin Rockets Past $69,000: Over 60k traders Caught In $200 Million Total Liquidations"},"content":{"rendered":"
The cryptocurrency market recently witnessed significant liquidations, totaling over $200 million, as Bitcoin surged past the $69,000 mark.<\/p>\n
The Bitcoin price surge led to many short positions being liquidated, causing notable financial repercussions across various trading platforms.<\/p>\n
The data<\/a> from Coinglass provide a clearer picture of the impact<\/a>, showing that around 60,388 traders and counting faced losses exceeding $200 million in just 24 hours.<\/p>\n The distribution of these liquidations varied among the major exchanges, with OKX traders experiencing the highest losses at $81.19 million, narrowly surpassing Binance’s $80.40 million in liquidations.<\/p>\n Bybit and Huobi also reported significant figures of $18.98 million and $17.05 million in liquidations, highlighting the widespread effect of Bitcoin’s unexpected rally.<\/p>\n The resurgence of Bitcoin to over $69,000 was particularly noteworthy, given its position below $66,000 in the early hours of Monday. While the exact catalyst for this abrupt rise remains uncertain, it puts Bitcoin a few dollars in value away from reclaiming its previous all-time high of $73,000.<\/p>\n