Bitcoin’s surge to $28k leads to $114M in liquidations in 24 hours

The crypto market witnessed a tumultuous 24 hours between Oct. 1 and 2, seeing a massive liquidation spike. Around 85% of these liquidations were short positions, translating to $97.73 million in shorts liquidated in just a day. This rapid movement affected 29,510 traders, bringing the total liquidation value to $114.92 million. The most significant single […]

The post Bitcoin’s surge to $28k leads to $114M in liquidations in 24 hours appeared first on CryptoSlate.