Over $249,000,000 in Bitcoin, Ethereum and Solana Shorts Liquidated in Hours As BTC Blows Past $37,000 – The Daily Hodl


Hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) shorts have been liquidated as the king crypto shoots past $37,000.

According to new data from blockchain tracking platform Coinglass, during the last 24 hours, the top crypto asset by market cap has seen just over $131 million worth of short contracts liquidated.

Bitcoin is trading for $36,460 at time of writing, a 2.9% gain during the last 24 hours but nearly a 3.5% drop from its seven-day high of $37,935 set on the morning of November 9th.

Coinglass further reveals that during the same time frame, Ethereum, the second-largest crypto asset by market cap, has seen $48 million worth of short contracts liquidated while smart contract platform Solana has seen $9.56 million.

Ethereum is trading for $2,028 at time of writing, a 7.4% rise on the day while Solana is moving for $46.27, an 8.4% rise during the same time frame.

The overall liquidation numbers for BTC, ETH, and SOL during the last day are $170.5 million, $66.5 million and $17.7 million, respectively.

Other notable crypto assets on Coinglass’s radar that saw significant liquidations include the decentralized blockchain oracle Chainlink (LINK), which saw $6.25 million in short liquidations and $9.9 million overall, and the popular dog-themed memecoin Dogecoin (DOGE), which saw $1.8 million in short contracts wiped away and $7.95 million in overall liquidations.

LINK is trading for $14.28 at time of writing while DOGE is trading for $0.071.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.


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