More than $95 million worth of short positions were liquidated in the past 12 hours, with even privacy cryptos featuring on the list. By shauryamalwa.
A bounce in crypto prices led to short positions being liquidated.
due to a partial or total evaporation of the trader’s initial margin, data from analytics tool Coinglass show. Some $47.45 million of bitcoin futures were liquidated in the past 12 hours, the most among major cryptocurrencies. Ether futures had $22 million in losses, followed by LUNA with $12 million.Privacy-focused cryptocurrencies made an unusual showing. Futures tracking Monero’s XMR and Zcash’s ZEC recorded $1 million worth of losses as prices of the two surged as much as 25% in the past 24 hours. The jump outperformed the broader market, which increased 6% in the same period.
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