Crypto Liquidations Top $75 Million As Bitcoin Tests $70,000 For the First Time in April
BeInCrypto
Bitcoin briefly surpassed $70,000, causing over $75 million in crypto liquidations, primarily short positions.Summary
Bitcoin has reclaimed the $70,000 psychological level, reaching highs not seen since March. This surge led to significant liquidations, with over $71 million in short positions being liquidated, alongside nearly $4 million in other positions, totaling $75 million in the last hour. Over the past 24 hours, 85,506 traders were liquidated, amounting to $324.83 million. The move above $70,000 has indicated a strong bullish signal, with buy-side dominance observed between $70,000 and $70,283. However, trading volume and participation decrease rapidly above $70,500, suggesting potential for swift price movements in either direction within the low-volume gap up to $71,500.
(Source：BeInCrypto)