Nearly $300 million worth of shorts has been liquidated in just 24 hours
The flagship coin has already set multiple lifetime peaks this weeks, and it is seemingly poised to surpass $80,000 level next year. Shiba Inu to Perform Biggest Price Pump? Bitcoin Eyeing $80,000, Don't Miss Toncoin Bullish Reversal RallyAccording to data provided by cryptocurrency analytics firm CoinGlass, more than $384 million worth of crypto has been liquidated over the past 24 hours alone. The largest liquidation took place on Binance, with one trader losing as much as $13.1 million.
Pseudonymous Bitcoin analyst Dave the Wave has suggested that the leading cryptocurrency is already in middile of a parabolic spike. The latest price spike has coincided with strong inflows recorded by various ETF products. BlackRock's Bitcoin ETF recently shattered records with more than $1 billion worth of inflows in a single day.
As noted by prominent ETF expert Nate Geraci, Bitcoin ETFs now hold more than 1 million coins. In fact, they are nearing 5% of Bitcoin's total supply.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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