Crypto liquidations surge to $300 million – THIS group hit hardest
- Crypto liquidations hit nearly $300 million in just 24 hours, driven by Bitcoin’s sudden price surge.
- Short positions faced the biggest losses, with over $206 million liquidated as Bitcoin broke key resistance levels.
In the past few days, both long and short positions have experienced significant liquidations, with crypto liquidations reaching nearly $300 million in just 24 hours.
The catalyst for this surge in liquidations was a sudden price jump in Bitcoin [BTC], which broke through a key resistance level, causing a wave of forced liquidations across the market.
Crypto liquidations near $300 million
Data from Coinglass revealed that crypto liquidations climbed to almost $240 million on the 14th of October.
Short positions were…
