Over $100 Million Liquidated After Ethereum Rally Over $1,600
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Answer Over $100 Million Liquidated After Ethereum Rally Over $1,600
Ethereum has fluctuated and experienced significant fluctuations over the past 24 hours.
Violent price movements have caused a wave of liquidation across leveraged Ethereum positions, which reached over $100 million in the past day.
Coinglass data reveals that the past 24 hours have seen a total liquidation of nearly $200 million.
Over $110 million came from leveraged Ethereum positions, although the single largest liquidation order made on Bybit was for a $2 million perpetual BTCUSD position.
In general, during the same period, about 75% of the total liquidation was from short positions, most of which took place on OKEx, followed by the Binance trading platform.
The price of Ethereum has experienced serious fluctuations over the past two days, dropping around $1,500.
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The bulls were relatively quick to recoup their losses, pushing the price back above $1600, resulting in a 7% daily increase in this latest bounce.
It should be noted that volatility is likely to rise further, especially as the consolidation date scheduled for next week approaches.
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