$600,000,000 in Liquidations Hit Short Sellers As Bitcoin (BTC), Ethereum (ETH) and Altcoins Pop

$600,000,000 in Liquidations Hit Short Sellers As Bitcoin (BTC), Ethereum (ETH) and Altcoins Pop


Crypto short sellers are drowning in a deluge of liquidations as Bitcoin (BTC), Ethereum (ETH) and other altcoins rally.

According to liquidation data from CoinGlass, the crypto markets have experienced more than $180 million in liquidations in the last 24 hours alone.

Since January 13th, short sellers have been hit with over $600 million in liquidations, according to the crypto data platform.

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In the last 24 hours, Bitcoin liquidations have hit $34.71 million. The leading crypto by market cap is trading for $21,009 at time of writing, up 23% over the last seven days.

Over the same period, Ethereum liquidations have reached $47.59 million. The leading smart contract platform by market cap is trading for $1,553 at time of writing, up 21% in the last week.

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