Short liquidation volume hits 18-month high
The volume of short liquidated orders in the cryptocurrency market has just reached its highest level since July 2021, resulting in the largest loss in the last 18 months for traders who have been “short” Bitcoin and Altcoins in recent days.
Over the past 4 days – from January 11 to 14 – Bitcoin rallied from a low of $17,318 to a high of $21,247, representing a 22.5% increase. Additionally, most Altcoins are also recording double-digit gains this week. The total capitalization of the cryptocurrency market has risen above $1 trillion, according to CoinGecko.