Over $210M of liquidations in the past 24 hours, takes Bitcoin above $24.5K

quick take

• A total of $211 million has been liquidated in the last 24 hours.
• This resulted in short-term liquidations of $187 million. This represents approximately 87% of all liquidations.
• This was the largest short liquidation since January 25th.
• Bitcoin has specifically seen liquidations of $88 million in the last 24 hours.
• As a result of the liquidation, Bitcoin surged to $24,700, up 11% over the past 24 hours.

The post, which claimed over $210 million in liquidations in the last 24 hours and bitcoin surpassing $245,000, first appeared on CryptoSlate.