Donald Trump, who is approaching victory in the US presidential elections, has created great volatility in Bitcoin (BTC).
Making a big difference in the presidential race Donald Trump, took the cryptocurrency market by storm. Bitcoin, which reached $ 75,400 in a short time, renewed its record. Even though major increases have not yet been observed in altcoins, investors seem hopeful.
BitcoinIn line with the price movement in , liquidations increased in the futures market. Especially traders who took short transactions were disappointed. Although the market was pumped, the losses on the forward side did not go unnoticed.
Bitcoin surprised with liquidation data
Bitcoin, which tested $ 75,400 in a short time, dealt a blow to traders who took bearish transactions. According to data from Coinglass, transactions worth $510.86 million were liquidated in the last 24 hours. Of this amount, $371.54 million was made up of short transactions, and $139.33 million was made up of long transactions. The liquidation amount in BTC was recorded as 264.15 million dollars, in DOGE was recorded as 47.79 million dollars, and in ETH was recorded as 45.16 million dollars.
When we look at the crypto exchanges, the name that collected the most liquidation was Binance. The popular crypto exchange came first with a liquidation amount of $266.43 million in the last 24 hours. OKX ranked second with $108.42 million, and Bybit ranked third with $77.49 million. Another remarkable data came from Bitfinex. While other exchanges stood out with the liquidation of short transactions, Bybit attracted attention with the liquidation of 54.39 percent of long transactions.
