The cryptocurrency market, which stepped on the gas with Bitcoin (BTC) exceeding $ 72,000, came to the agenda with liquidation data.

Increasing by more than 10 percent in a short period of time and surpassing $ 72,000 Bitcoin (BTC) caused a significant change in liquidation data. The cryptocurrency market, which has been in a downward trend for several days, was characterized by the liquidation of long trades. However BTC‘s bullish momentum has reversed this scenario.

The rise in cryptocurrencies hit short trades!

The cryptocurrency market, which has been on the rise led by BTC, frustrated bearish investors. According to popular crypto data platform Coinglass, $147.29 million worth of liquidation was achieved in the last 24 hours. Of this amount, $102.24 million was short and $45.05 million was long.

In total, 44,790 futures users were liquidated. The biggest loss in a single trade was Binance on the stock exchange BTC/USDT parity 7.83 million dollars as the most important one in the world.

When we look at the data on the stock exchange side, Binance collected the most liquidation with 69.37 million dollars. OKX was in second place with $ 49.86 million. The most striking data was the predominance of short transactions in liquidations on all exchanges. This statistic usually did not remain constant, but was mixed long-short. But BTC’s recent rise has directly hit shorts. BTC’s next price movements and changes in liquidation data are eagerly awaited.