Over $450M Shorts Liquidated in 24 Hours as Crypto Market Extends Rally
Traders betting against the crypto market have suffered more than $450 million in losses over the past 24 hours as major cryptocurrencies surged higher in one of the most impressive rallies in about a year. According to...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
According to data by CoinGlass, short traders suffered around $457 million across major centralized exchanges over the past day. Crypto exchange OKX took the lion’s share of these liquidations at over $241 million, followed by Binance at $116 million. ...
Read More: Over $450M Shorts Liquidated in 24 Hours as Crypto Market Extends Rally
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Kalshi Users Pour $300 Million Into Stock Perps Within Hours of U.S. Debut
Kalshi, the CFTC-regulated prediction market, rolled out perpetual futures tied to individual U.S. stocks on Nov. 5 and said it is...
US Adds 165,000 Jobs in October: Why Bitcoin Traders Are Watching the Fed
TL;DR: The US economy added 165,000 payroll jobs in October while unemployment stood at 4.1%, according to the Bureau of Labor Sta...
Binance Hackers Swap About $50 Million of Stolen XRP Mostly Into Bitcoin, Elliptic Says
Bitcoin Magazine Binance Hackers Swap About $50 Million of Stolen XRP Mostly Into Bitcoin, Elliptic Says Hackers tied to the recor...
Texas Voted to Pause New Data Centers. Which Bitcoin Miners Are Already Past the Freeze?
Bitcoin miners that turned into AI landlords have been valued on how many megawatts of power they control and how much of it sits...
Former FBI Agent Pleads Guilty to Stealing $2.47 Million in Crypto From Investigations
Bitcoin Magazine Former FBI Agent Pleads Guilty to Stealing $2.47 Million in Crypto From Investigations A former FBI agent pleaded...
Strive (ASST) Posts $474.8 Million Common Net Income as Bitcoin Yield Hits 63.2%
Bitcoin Magazine Strive (ASST) Posts $474.8 Million Common Net Income as Bitcoin Yield Hits 63.2% Strive reported $474.8 million o...