Crypto market in flux: ETH, PEPE contribute to $50 million liquidation; short positions suffer

Coinglass’ data further revealed that the liquidations primarily targeted short positions in the market. The data indicated that a substantial portion of investors holding short positions faced liquidation. Also, over 70% of liquidations were witnessed across various major exchanges.

In certain instances, the liquidation rate reached a staggering 100%, leaving no room for short investors to escape unscathed.liquidation data demonstrated that shorts accounted for over $16 million. Whereas, long positions experienced liquidations totaling over $12 million. Considering Bitcoin’s significant share of the total cryptocurrency market capitalization, these liquidations bear significant implications for affected investors.According to an evaluation of the crypto market’s capitalization on

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Pepe [PEPE]: As market cap reaches $1 billion, where will the memecoin head nextFollowing its listing on Binance's Innovation Zone, PEPE's market capitalization crossed $1 billion. It has seen increased trading in the past 24 hours as many ape in on the altcoin to see profit.
Source: CryptoAmb - 🏆 22. / 68 Read more »