How Bitcoin’s move above $80K helped crypto liquidations cross $800 mln

Quick Summary:

Over $800 million in crypto liquidations reflect heightened market volatility, driven by sudden price swings.

Conversely, the rise in short liquidations suggested that Bitcoin’s recent rally forced bears to cover positions as assets broke past key resistance levels.

While these zones can act as liquidity pools to propel price action, they also signal potential market fragility if liquidations cascade further.

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Article Details

Author / Journalist: Adewale Olarinde

Category: Crypto

Markets: United States

Topics: BTC Trading View News Trading View Ambcrypto News 1 Bitcoin Social

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 23:00:56 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 481 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23576870

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 17 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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