In the last 24 hours 91,785 traders who shorted crypto got liquidated. This means they could no longer support their trades due to rise in prices and were forced to close or liquidate their positions.In total, $525 Million of shorts were liquidated, top 5 by coin were: $210M on BTC, $200M on ETH, $40M on DOGE, $17M on XRP and $7M on CSPR. BTC and ETH took out a whopping 78% of total liquidations on their own. The single largest liquidation was $27.8M... That guy is not having a good day!In conclusion, don't try to short in the face of a history-making bull run that's still going strong. Bears truly got rekt and are fukt.
Submitted August 08, 2021 at 03:08PM
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