07-20-2022, 10:54 AM
$600M in crypto liquidations as Bitcoin sours above $23k and ETH puts on a 42% rally
<!-- SC_OFF --><div class="md"><p>The past few hours have been quite amazing in crypto. As Bitcoin finally showed some signs of getting out of its crabbing range upward to $23k and we saw a breathtaking rally from ETH after some Merger news. Obviously that also resulted in short and long liquidations, the past day saw $600M in combined crypto liquidations.</p> <p>Bitcoin alone has amassed about $60M long and evenly short liquidations in the past few hours. I mean it's your taste and skill level whether you can handle leverage well or not. Mostly people get burned but there are obviously also other people who make a bunch of profit off it.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/partymsl"> /u/partymsl </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/w32tjg/600m_in_crypto_liquidations_as_bitcoin_sours/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/w32tjg/600m_in_crypto_liquidations_as_bitcoin_sours/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>The past few hours have been quite amazing in crypto. As Bitcoin finally showed some signs of getting out of its crabbing range upward to $23k and we saw a breathtaking rally from ETH after some Merger news. Obviously that also resulted in short and long liquidations, the past day saw $600M in combined crypto liquidations.</p> <p>Bitcoin alone has amassed about $60M long and evenly short liquidations in the past few hours. I mean it's your taste and skill level whether you can handle leverage well or not. Mostly people get burned but there are obviously also other people who make a bunch of profit off it.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/partymsl"> /u/partymsl </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/w32tjg/600m_in_crypto_liquidations_as_bitcoin_sours/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/w32tjg/600m_in_crypto_liquidations_as_bitcoin_sours/">[comments]</a></span>