{"id":19777,"date":"2022-03-02T18:01:01","date_gmt":"2022-03-02T17:01:01","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=19777"},"modified":"2022-03-03T14:14:45","modified_gmt":"2022-03-03T13:14:45","slug":"https-coinscreed-com-in-the-last-24-hours-bitcoin-bulls-have-wiped-off-68-million-in-short-positions-html","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/https-coinscreed-com-in-the-last-24-hours-bitcoin-bulls-have-wiped-off-68-million-in-short-positions-html\/","title":{"rendered":"In\u00a0the\u00a0last\u00a024\u00a0hours,\u00a0Bitcoin\u00a0bulls\u00a0have\u00a0wiped\u00a0off\u00a0$68\u00a0million\u00a0in\u00a0short\u00a0positions."},"content":{"rendered":"\n
According\u00a0to\u00a0Coinglass\u00a0statistics,\u00a0Bitcoin's\u00a0rise\u00a0to\u00a0$44,000\u00a0unwound\u00a0an\u00a0increasing\u00a0number\u00a0of\u00a0short\u00a0positions.\u00a0Because\u00a0of\u00a0the\u00a0increased\u00a0use\u00a0of\u00a0the\u00a0token\u00a0as\u00a0a\u00a0result\u00a0of\u00a0the\u00a0Russia-Ukraine\u00a0crisis,\u00a0the\u00a0crypto\u00a0market\u00a0has\u00a0risen. <\/h5>\n\n\n\n
\"\"<\/figure><\/div>\n\n\n\n

Will there be a Bitcoin short squeeze?<\/strong><\/h2>\n\n\n\n

According to Coinglass data,\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> almost $68 million in short positions in the world's largest cryptocurrency were liquidated in the last 24 hours. In the last week, attitudes toward cryptocurrency have improved as a result of Western sanctions and conflict disturbances in Ukraine and Russia.<\/p>\n\n\n\n

In the latest 24 hours, long holdings accounted for 54% of total positioning on bitcoin, while posture in the broader market was closer to 50\/50. Nonetheless, long Bitcoin positions have been progressively increasing this week.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

In the last week, bitcoin and other tokens <\/a>have outpaced the broader financial markets. While the token has gained around 12% since last Wednesday, the S& P 500 stock index has only gained roughly 1.9 percent.<\/p>\n\n\n\n

For the first time in over two weeks, total crypto market value surpassed $2 trillion, as the fear and greed index improved to neutral from acute anxiety.<\/p>\n\n\n\n

A total of $176 million in cryptocurrency shorts were liquidated.<\/p>\n\n\n\n

With Ethereum's recent surge to near $3000, nearly $43 million in shorts has been liquidated in the last 24 hours. Some of the largest short positions were also wiped out by Luna and SOL.<\/p>\n\n\n\n

On a broader scale, crypto's surge has liquidated $176 million in short bets in the last 24 hours. On Okex, the greatest single liquidation order was a $8 million bitcoin-to-tether trade.<\/p>\n\n\n\n

Okex also has the biggest percentage of short positions of any major cryptocurrency exchange, at around 53%.<\/p>\n\n\n\n

Is Bitcoin the safest haven in the world?<\/strong><\/h2>\n\n\n\n

The most recent rise has reignited debate about Bitcoin's potential as a safe-haven asset. While the currency first struggled during the Russian invasion, it has now recovered and has even surpassed gold in the last week.<\/p>\n\n\n\n

\"\"<\/a><\/figure><\/div>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

According\u00a0to\u00a0Coinglass\u00a0statistics,\u00a0Bitcoin’s\u00a0rise\u00a0to\u00a0$44,000\u00a0unwound\u00a0an\u00a0increasing\u00a0number\u00a0of\u00a0short\u00a0positions.\u00a0Because\u00a0of\u00a0the\u00a0increased\u00a0use\u00a0of\u00a0the\u00a0token\u00a0as\u00a0a\u00a0result\u00a0of\u00a0the\u00a0Russia-Ukraine\u00a0crisis,\u00a0the\u00a0crypto\u00a0market\u00a0has\u00a0risen. <\/p>\n","protected":false},"author":32,"featured_media":19779,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83,26],"tags":[5371,6270,5519,7135],"class_list":["post-19777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-cryptocurrencies","tag-bitcoin-2","tag-bitcoin-news-2","tag-russia-2","tag-ukraine-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/bitcoin-squeeze.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/19777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=19777"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/19777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/19779"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=19777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=19777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=19777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}