As Bitcoin (BTC), Ethereum (ETH) and other altcoins rise, cryptocurrency short sellers are drowning in mass liquidations.
According to CoinGlass liquidation data, the crypto market has liquidated more than $180 million in the last 24 hours alone.
Since January 13, short sellers have seen more than $600 million in liquidations, according to Crypto Data Platform.
In the last 24 hours, bitcoin liquidations reached $34.71 million. The leading crypto by market cap is trading at $21,009 at the time of writing, up 23% over the past seven days.
During the same period, Ethereum liquidations reached $47.59 million. The leading smart contract platform by market cap is trading at $1,553 at the time of writing, and he’s up 21% over the past week.
Despite recent network struggles, the liquidation of ETH competitor Solana (SOL) reached $5.87 million on the final day. The 11th largest crypto by market cap is trading at $23.10 at the time of writing, up 61% in the last week.
The liquidation of Aptos (APT), the 40th largest by market capitalization, has also surpassed $5 million in the last 24 hours, reaching $5.36 million at the time of writing. APT is currently trading at $8.14, up 112% over the past seven days.
Finally, according to CoinGlass, meme token Dogecoin (DOGE) liquidations reached $3.29 million in the final day. DOGE is trading at $0.0836 at the time of writing, up 14% from last week.
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