Cryptocurrency

Crypto market rebound liquidates over $200M

According to Coinglass data, the crypto industry’s mild recovery over the past 24 hours has liquidated $212 million from the market.

During the reporting period, the crypto market registered a 2.85% gain, pushing the value of leading digital assets such as Bitcoin (BTC) and Ethereum (ETH) above $23,000 and $1,600, respectively.

Bitcoin accounted for Liquidation contributed $80.7 million, while Ethereum contributed $48.81 million. His Aptos (APT), a high-handed Layer 1 blockchain network, has liquidated $31.61 million in a short position against it.

During this period, 50,517 traders were liquidated due to market recovery. The most significant liquidation is his $3.85 million position in BTC.

Meanwhile, blockchain analytics firm Santiment noted that several altcoins rose during the reporting period. Santiment said:

“Social Spike & FOMO Otherwise traders will ridicule this run (allow the rally to continue). ”

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