Regardless of the movement of the Bitcoin (BTC) market, traders’ positions are still recording some ebb and flow. While some are in profit, others are writing down losses. According to data provider Coinglass, there has been a record of more Bitcoin traders with losses over the past 24 hours.
Notably, Bitcoin traders that are currently recording losses even amid the crypto market’s upward trend are traders that have short(ed) Bitcoin in the hope that the asset’s price is going to move in a downward trend sooner or later.
Data from Coinglass shows that approximately 45,309 traders have been liquidated over the past 24 hours, with the total liquidations coming in at a record of $158 million, at the time of writing.
Out of all the crypto exchanges involved tracked by the data aggregator, Binance recorded the largest amount of liquidations of $47 million in the last 24 hours.
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