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.
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.
Despite recent network struggles, ETH-competitor Solana (SOL) liquidations have reached $5.87 million over the last day. The 11th-largest crypto by market cap is trading for $23.10 at time of writing, up 61% over the last week.
Liquidations for the 40th-largest crypto by market cap, Aptos (APT), have also reached over $5 million over the last 24 hours, hitting $5.36 million at time of writing. Currently, APT is trading for $8.14, up 112% over the last seven days.
Finally, meme token Dogecoin (DOGE) liquidations have reached $3.29 million over the last day, according to CoinGlass. DOGE is trading for $0.0836 at time of writing, up 14% over the last week.
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inboxCheck Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Featured Image: Shutterstock/PurpleRender/VECTORY_NT
The post $600,000,000 in Liquidations Hit Short Sellers As Bitcoin (BTC), Ethereum (ETH) and Altcoins Pop appeared first on The Daily Hodl.
