$142M in Bitcoin Shorts Liquidated in the Past 24 Hours

According to data from crypto analytics platform CoinGlass, over $142 million in Bitcoin shorts has been liquidated over the past 24 hours. Ethereum’s bullish price performance has also led to a similar wave of liquidated shorts, resulting in over $103 million liquidations during the same period. According to data pulled from CoinGlass, an aggregator that gathers liquidation data from across the market, there has been over $142M in Bitcoin shorts liquidated since yesterday. — BitcoinTT⚡️ (@bTT___) March 28, 2022 Bitcoin (BTC) and Ethereum (ETH) are both up roughly 6% over the past 24 hours with BTC currently trading over $47,000, while ETH is trading at $3,343. Analysts argue that Bitcoin’s recent price rally to $47,000 was a response to short liquidations in massive quantities over the weekend as the transaction volume of the flagship cryptocurrency recently exceeded $100 billion. Crypto Trading Volume Exceeds $100B in 24 Hours Chinese crypto journalist, Colin Wu, reported a spike in the total transaction volume of cryptocurrencies, exceeding $100 billion over the past 24 hours, and observed a 63.07% increase in crypto transaction volume compared to March 26, 2022, citing data from CoinMarketCap. According to CMC, in the past 24h, the total transaction volume of crypto exceeded $100 billion, an increase of 63.07% over the previous day. The total market value is 2.12 trillion US dollars, a month-on-month increase of 4.75%. pic...