Traders betting against Bitcoin are getting liquidated as BTC’s price pushes through $81,000.
CoinGlass shows $544.85 million in leveraged crypto bets closed out in the last 24 hours, says CoinGlass.
Most of that is shorts. Long liquidations hit $88.42 million, with short liquidations at $456.44 million.
Bitcoin’s rally coincides with a sharp decline in the US Dollar Index, which fell to 99.001, down 0.58% on Thursday.
USD/JPY is also plunging nearly 2.5% over 24 hours, a move widely viewed as evidence of major intervention by Japanese authorities.
BTC is priced at $80,879 at time of publishing, up 3.98% in the last 24 hours.
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The post $544,850,000 in Bitcoin and Crypto Liquidated As BTC Surges to $81,000 appeared first on The Daily Hodl.
​ Bitcoin is rallying 5% to $81,000 as the US Dollar Index drops amid signs of Bank of Japan intervention and strong expectations for a September rate hike. Markets are drawing parallels to the volatility seen in 2024.
The post $544,850,000 in Bitcoin and Crypto Liquidated As BTC Surges to $81,000 appeared first on The Daily Hodl. Bitcoin, BTC, liquidations, PriceÂ
This articles is written by : Nermeen Nabil Khear Abdelmalak
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