Bitcoin News: Total Liquidation Breaches $200 Mln As Bitcoin Nears $25k

Bitcoin News: The global digital asset market registered a massive surge of 7% over the past day as the sentiments turns green again. Bitcoin (BTC), the world’s largest cryptocurrency, has been on a good recovery run as its prices surged by more than 9% over the past 7 days. However, On-chain data shows that traders’ bets around the BTC price are on a surge.

Bitcoin Liquidation Crosses $100 Million

As per Coinglass, around 51K traders were liquidated over the past 24 hours. While the total liquidations come in at around $200 million. Binance registered the most liquation ($71 million) in the same time period. However, $161.8 million of Shorts were liquidated among the total number while the single largest single liquidation order happened on Bitmex with a value of $7.08 million.

Bitcoin price is on a relief rally with a whooping surge of 12% in the last 24 hours. BTC/USD is trading at an average price of $24,789, at the press time. Its 24 hour trading volume has jumped by 20% to stand at $48 billion. As per the data, Bitcoin saw around $103 million of liquidation over the past 24 hours.  Read More Bitcoin News Here…

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