According to the latest liquidation data, over $226.46 million in BTC positions were liquidated within 24 hours—an overwhelming $214.46 million […]
The post Bitcoin Hits Record High Above $112K, Triggers $226M in Liquidations appeared first on Coindoo.
According to the latest liquidation data, over $226.46 million in BTC positions were liquidated within 24 hours—an overwhelming $214.46 million of which came from short positions. Longs, in comparison, only accounted for $12 million, highlighting the massive squeeze on bearish traders.
The price spike reflects renewed bullish momentum in the market, pushing Bitcoin’s market capitalization past $2.2 trillion. Trading activity has also surged, with 24-hour volume exceeding $55.6 billion, showing strong participation from both retail and institutional players.
This price action marks a critical moment for traders betting against Bitcoin’s rally. The overwhelming short liquidations underscore how quickly sentiment can turn in a highly leveraged environment, especially as Bitcoin enters uncharted territory.
-----Cryptonews AD----->>>
While momentum remains strong, analysts caution that volatility is likely to persist. With nearly half a billion dollars in total liquidations across the broader crypto market, risk management is more essential than ever.
The post Bitcoin Hits Record High Above $112K, Triggers $226M in Liquidations appeared first on Coindoo.
Source: https://coindoo.com/bitcoin-hits-record-high-above-112k-triggers-226m-in-liquidations/
[ajax_load_more]
