{"id":32124,"date":"2022-07-18T02:54:53","date_gmt":"2022-07-18T06:54:53","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=32124"},"modified":"2022-07-18T02:54:58","modified_gmt":"2022-07-18T06:54:58","slug":"over-160-million-shorts-liquidated-as-btc-hits-22k-eth-1-4k","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/over-160-million-shorts-liquidated-as-btc-hits-22k-eth-1-4k\/","title":{"rendered":"Over $160 Million Shorts Liquidated as BTC Hits $22K, ETH $1.4K"},"content":{"rendered":"\n
ETH's price soared beyond $1.4K while BTC price is aiming for $22,000. As a result, many short bets have been liquidated.<\/h5>\n\n\n\n
\"Over
Over $160 Million Shorts Liquidated as BTC Hits $22K, ETH $1.4K<\/figcaption><\/figure>\n\n\n\n

The price of BTC <\/a>is currently hovering at $22,000, having risen by about 5% over the previous week and 2.1% over the previous 24 hours.<\/p>\n\n\n\n

The cryptocurrency market\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> has continued to grow, adding $150 billion to its capitalization in the last few days, which is currently beyond $1 trillion.<\/p>\n\n\n\n

However, with a week-over-week increase of 22.6 percent and a day-to-day increase of 5.5 percent, Ethereum is clearly in the lead in terms of price performance over recent days.<\/p>\n\n\n\n

This resulted in liquidations of more than $250 million, more than $160 million of which were short bets, which was maybe to be expected.<\/p>\n\n\n\n

According to Coinglass data, an ETH perpetual contract<\/a> with a face value of $2.83 million was the largest single liquidation order to ever occur on FTX.<\/p>\n\n\n\n

With 65K worth of ETH liquidated over the course of the last 4 hours (a total of over $94 million), ETH is also leading in terms of overall liquidations.<\/p>\n\n\n\n

Overall, 64 percent of the positions that were liquidated were short across the largest exchanges, with OKX recording <\/a>the highest volume of liquidations.<\/p>\n","protected":false},"excerpt":{"rendered":"

ETH’s price soared beyond $1.4K while BTC price is aiming for $22,000. As a result, many short bets have been liquidated. The price of BTC is currently hovering at $22,000, having risen by about 5% over the previous week and 2.1% over the previous 24 hours. The cryptocurrency market has continued to grow, adding $150 […]<\/p>\n","protected":false},"author":38,"featured_media":32128,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,83],"tags":[],"class_list":["post-32124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-bitcoin-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/07\/BTC-ETH-Price-.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/32124","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\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=32124"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/32124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/32128"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=32124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=32124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=32124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}