#Bitcoin surges, short-sellers get liquidated#
Hot Topic Overview
Overview
The recent surge in Bitcoin prices has led to a massive liquidation of short positions. According to Binance data, the total liquidation amount across all exchanges in the past 24 hours reached $228 million, with $148 million in short liquidations, accounting for over 65%. In the past hour alone, the total liquidation amount reached $12.54 million, with $11.03 million in short liquidations, accounting for over 88%. This indicates that short positions have been severely hit in the face of Bitcoin's rapid price increase, resulting in substantial losses for investors who bet against Bitcoin.
Ace Hot Topic Analysis
Analysis
The recent surge in Bitcoin prices has led to a massive liquidation of short positions. According to data from Binance, the total liquidated value across all exchanges in the past 24 hours has reached $228 million, with short positions accounting for $148 million, representing more than 65% of the total. In the last hour alone, the total liquidated value across all exchanges has reached $12.54 million, with short positions accounting for $11.03 million, representing over 88%. This suggests that there is a high concentration of short positions in the market, and the rapid rise in Bitcoin prices has forced many short sellers to close their positions, resulting in significant losses. It is worth noting that this data is for reference only, and the actual situation may vary.
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Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin price surged significantly, leading to a large number of short positions being liquidated.
In the past 24 hours, the total amount of liquidated contracts across all exchanges reached $228 million, with short positions accounting for 65% of the total.
In the past hour, the total amount of liquidated contracts across all exchanges also reached $12.54 million, with short positions accounting for 88% of the total.
The surge in Bitcoin price, leading to short positions being liquidated, indicates strong bullish sentiment in the market.