Bitcoin has made a notable recovery, climbing back above the $61,000 mark after a period of volatility. As of the latest data, Bitcoin is currently quoted at $61,016, signaling a renewed upward momentum for the leading cryptocurrency.
This rebound comes in the wake of significant market liquidations, with a total of $100.21 million liquidated in the past 24 hours. The liquidation data shows a clear dominance of short positions, with $60.53 million in long positions liquidated compared to $39.68 million in short positions.
Breaking down the liquidation data further:
- 1-hour liquidations: $2.50 million total, with $400.89K from long positions and $2.10 million from short positions.
- 4-hour liquidations: $6.04 million total, with $873.47K from long positions and $5.17 million from short positions.
- 12-hour liquidations: $28.38 million total, with $9.76 million from long positions and $18.61 million from short positions.Bitcoin Rebounds Above $61,000 Amid Significant Liquidations Across Exchanges
The data highlights a trend where short positions have been more significantly impacted across major exchanges in the last 4 hours:
- Binance: $3.18 million liquidated, with 86.93% of that coming from short positions.
- OKX: $1.40 million liquidated, with 87.32% from short positions.
- Bybit: $1.06 million liquidated, with 76.41% from short positions.
- HTX: $325.85K liquidated, with 91.74% from short positions.
- CoinEx: $37.26K liquidated, with 91.64% from short positions.
- Bitmex: $35.20K liquidated, entirely from short positions.
