{"id":468130,"date":"2021-07-26T17:00:53","date_gmt":"2021-07-26T17:00:53","guid":{"rendered":"https:\/\/wncen.com\/?p=468130"},"modified":"2024-06-11T08:49:37","modified_gmt":"2024-06-11T08:49:37","slug":"800-million-bitcoin-shorts-liquidated","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/800-million-bitcoin-shorts-liquidated\/","title":{"rendered":"Over $800 Million Bitcoin Shorts Liquidated As Price Surges 12% In 24 Hours"},"content":{"rendered":"

Bitcoin price continues to see incredible movements over the past 24 hours. The price of the coin has moved over 10% as the crypto market sees increasing momentum. The movement comes hot on the heels of the news breaking of rumors of Amazon integrating bitcoin payments<\/a> in their platform. The market seems to have taken this and just run with it.<\/p>\n

Although the news is yet to be confirmed, investors continue to rush to buy the digital asset. The price surge has led to hundreds of millions of shorts being liquidated in just a 24-hour time frame. So far, the market has seen over $1 billion shorts liquidated in just 24 hours as bears take hit after hit in the market.<\/p>\n

Related Reading |\u00a0Number Of Investors Holding Bitcoin Tripled In Last Three Years<\/a><\/strong><\/em><\/p>\n

Bitcoin which had been trading mostly steady at the $34,000 price point throughout the weekend had started seeing noticeable movement as the weekend drew close. There\u2019s a couple of factors that seem to have contributed to the uptick in price. News ranging from Musk making confirmations that he held bitcoin, and so did his companies Tesla and SpaceX seem to have been a catalyst for it. Then the Amazon rumor helped to push it over the edge.<\/p>\n

Market Reaction To Elon Musk<\/h2>\n

Billionaire Elon Musk was on The B Word conference with CEO of Ark Invest, Cathie Wood, and Twitter CEO Jack Dorsey to talk about the digital asset. It was during this conference that Musk had confirmed<\/a> that SpaceX and Tesla did indeed hold bitcoin on their balance sheets.<\/p>\n

Following this announcement, the price of the digital asset finally broke $32,000 and continued to slowly trend upwards after a small dip. This completely turned what the market had expected to be a continuing downturn into an upwards market. But at this point, there still was not enough price uptick to make shorter liquidate their positions.<\/p>\n

Related Reading |\u00a0SpaceX Has Bitcoin On Its Balance Sheet, Elon Musk<\/a><\/strong><\/p>\n

With the price of the digital asset surging to $39,000 in just the span of a few hours, shorters are now recording significant losses as bears rush to liquidate their shorts positions on exchanges.<\/p>\n

Binance alone had recorded the liquidation<\/a> of shorts to the tune of over $100,000,000 in just a few hours after the price surge began. The digital asset price had surged to as much as $48,000 on Binance Futures<\/a> in the same time period.<\/p>\n

Crypto Shorts Liquidations Across Exchanges<\/h2>\n

Reports<\/a> show that over $1 billion shorts have been liquidated from exchanges in the last 24 hours. The largest amount of liquidations so far has been on Binance. And bitcoin liquidations account for over 72% of the liquidations being carried out.<\/p>\n

Related Reading |\u00a0Bitcoin Volume Continues To See Yearly Lows As Price Struggles To Recover<\/a><\/strong><\/em><\/p>\n

Most of the liquidations happened in the span of 12 hours. With the single largest liquidation happening on Huobi-BTC that saw a $29.3 million position liquidated as the market rages on.<\/p>\n

Ethereum and Monero follow behind bitcoin for the largest number of positions being liquidated in the market in the past 24 hours. With Dogecoin liquidations running up behind Monero.<\/p>\n

The recent price surge has seen bitcoin add over $100 billion to its market cap as the price currently trades for $38,164 according to TradingView.com<\/a> at the time of this writing.<\/p>\n

\"Bitcoin<\/p>\n

BTC price closes in on $40,000 | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Featured image from SwissBorg, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price continues to see incredible movements over the past 24 hours. The price of the coin has moved over 10% as the crypto market sees increasing momentum. The movement comes hot on the heels of the news breaking of rumors of Amazon integrating bitcoin payments in their platform. The market seems to have taken this and just run with it. Although the news is yet to be confirmed, investors continue to rush to buy the digital asset. The price surge has led to hundreds of millions of shorts being liquidated in just a 24-hour time frame. So far, the market has seen over $1 billion shorts liquidated in just 24 hours as bears take hit after hit in the market. Related Reading |\u00a0Number Of Investors Holding Bitcoin Tripled In Last Three Years Bitcoin which had been trading mostly steady at the $34,000 price point throughout the weekend had started seeing noticeable movement as the weekend drew close. There\u2019s a couple of factors that seem to have contributed to the uptick in price. News ranging from Musk making confirmations that he held bitcoin, and so did his companies Tesla and SpaceX seem to have been a catalyst for it. Then the Amazon rumor helped to push it over the edge. Market Reaction To Elon Musk Billionaire Elon Musk was on The B Word conference with CEO of Ark Invest, Cathie Wood, and Twitter CEO Jack Dorsey to talk about the digital asset. It was during this conference that Musk had confirmed that SpaceX and Tesla did indeed hold bitcoin on their balance sheets. Following this announcement, the price of the digital asset finally broke $32,000 and continued to slowly trend upwards after a small dip. This completely turned what the market had expected to be a continuing downturn into an upwards market. But at this point, there still was not enough price uptick to make shorter liquidate their positions. Related Reading |\u00a0SpaceX Has Bitcoin On Its Balance Sheet, Elon Musk With the price of the digital asset surging to $39,000 in just the span of a few hours, shorters are now recording significant losses as bears rush to liquidate their shorts positions on exchanges. Binance alone had recorded the liquidation of shorts to the tune of over $100,000,000 in just a few hours after the price surge began. The digital asset price had surged to as much as $48,000 on Binance Futures in the same time period. Crypto Shorts Liquidations Across Exchanges Reports show that over $1 billion shorts have been liquidated from exchanges in the last 24 hours. The largest amount of liquidations so far has been on Binance. And bitcoin liquidations account for over 72% of the liquidations being carried out. Related Reading |\u00a0Bitcoin Volume Continues To See Yearly Lows As Price Struggles To Recover Most of the liquidations happened in the span of 12 hours. With the single largest liquidation happening on Huobi-BTC that saw a $29.3 million position liquidated as the market rages on. Ethereum and Monero follow behind bitcoin for the largest number of positions being liquidated in the market in the past 24 hours. With Dogecoin liquidations running up behind Monero. The recent price surge has seen bitcoin add over $100 billion to its market cap as the price currently trades for $38,164 according to TradingView.com at the time of this writing. BTC price closes in on $40,000 | Source: BTCUSD on TradingView.com Featured image from SwissBorg, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":468132,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,569,16082,1119,1144,78790],"class_list":["post-468130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-futures","tag-bitcoin-shorts","tag-btc","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nOver $800 Million Bitcoin Shorts Liquidated As Price Surges 12% In 24 Hours<\/title>\n<meta name=\"description\" content=\"Bitcoin price continues to see incredible movements over the past 24 hours. 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Over $800 Million Bitcoin Shorts Liquidated As Price Surges 12% In 24 Hours","url":"http:\/\/wncen.com\/news\/800-million-bitcoin-shorts-liquidated\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/800-million-bitcoin-shorts-liquidated\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/bitcoin-liquid.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/bitcoin-liquid.jpeg?fit=1600%2C800"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin futures","bitcoin shorts","btc","btcusd","btcusdt"],"dateCreated":"2021-07-26T17:00:53Z","datePublished":"2021-07-26T17:00:53Z","dateModified":"2024-06-11T08:49:37Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Over $800 Million Bitcoin Shorts Liquidated As Price Surges 12% In 24 Hours\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/800-million-bitcoin-shorts-liquidated\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/800-million-bitcoin-shorts-liquidated\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/bitcoin-liquid.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/bitcoin-liquid.jpeg?fit=1600%2C800\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin futures\",\"bitcoin shorts\",\"btc\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2021-07-26T17:00:53Z\",\"datePublished\":\"2021-07-26T17:00:53Z\",\"dateModified\":\"2024-06-11T08:49:37Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/bitcoin-liquid.jpeg?fit=1600%2C800","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/468130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=468130"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/468130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/468132"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=468130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=468130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=468130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}