Crypto traders that use leverage in order to predict the price of Bitcoin are suffering from whiplash.
Market data tracker reports that in the last 24 hour, leveraged cryptobets worth $655 Million have been liquidated. CoinGlass.
These liquidations were accompanied by rapid updates about President Trump’s plan to buy Greenland, and to impose tariffs on EU nations that refused to comply with it.
The day began with Bitcoin rising from $88,224 to $90,295, a move that liquidated more than $75 million in shorts.
BTC reversed abruptly back to $87.304 and liquidated around $145,000,000 in longs.
When President Trump decided that the EU tariffs would be cancelled, BTC rose to $90.203 and liquidated more than $200 million of shorts.
BTC has seen a total of $96 Million in long-term liquidations, and $135 Million in short-term liquidations over the past 24 hours.
Ethereum comes in second place, having liquidated $126 Million in long-term positions and $120 Million in short-term positions in the past day.
Bitcoin’s price at the time of publication was $89,479, and ETH’s at $2,988.
Join us! X, Facebook You can also find out more about the following: Telegram
Don’t Miss a Beat – Subscribe Receive email alerts directly in your mailbox
Check this out Price Action
You can surf to your heart’s content The Daily Hodl Mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors must do due diligence prior to making high-risk investment in Bitcoin, cryptocurrency and digital assets. You are responsible for any losses that you might incur. The Daily Hodl is not an investment adviser and does neither recommend buying or selling cryptocurrencies or other digital assets. The Daily Hodl engages in affiliate marketing.
Midjourney: Generated Image
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: dailyhodl.com
