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Crypto Market Liquidations Exceeded $139 Million Following Ethereum's New ATH

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Tue, 2/11/2021 - 11:51
Crypto Market Liquidations Exceeded $139 Million Following Ethereum's New ATH
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Following Bitcoin and Ethereum's sudden price rally, numerous short positions on the market were liquidated. According to Coinglass, $139 million worth of positions has been liquidated in the last four hours.

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Previously, U.Today reported that Ethereum reached the new all-time high of $4,480, which has led to the liquidation of numerous highly leveraged positions. Daily growth on Ethereum now remains at about 4% daily.

Liquidation Coinglass
Source: Coinglass

The highest number of liquidations is tracked on FTX exchange with $100 million. The second place, Binance exchange, provided a $23 million liquidated position. According to the service, 55% of liquidated positions on FTX are shorts. The rate is at 70% for Binance.

The largest liquidation volume is coming from Bitcoin with $84 million worth of positions liquidated. The second-largest symbol is Ethereum, with $40 million worth of positions forcibly closed.

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BREAKING: Ethereum Hits New All-Time High of $4,477

Today's series of liquidations is the highest since Oct. 27. But since the trading day is not over, the market might see an increase in liquidated funds if a rally on Bitcoin or Ethereum continues.

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