Crypto NewsNews$550 Million Evaporated While Bitcoin Tested Its ATH!

$550 Million Evaporated While Bitcoin Tested Its ATH!

While Bitcoin reached $69,000, according to Coinglass data, 165,672 investors were liquid in the last 24 hours and a total of $553 million was liquidated.

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Leading cryptocurrency Bitcoin reached its ATH of $69,000, which was last seen in November 2021. However, BTC fell to $67,100 after hitting its previous record level of $69,000.

While Bitcoin reached $69,000, according to Coinglass data, 166,192 investors were liquidated in the last 24 hours and a total of $557 million was liquidated.

Of these liquidations, $265 million consisted of long positions and $291 million consisted of short positions.

The largest liquidation took place in the BTC / USDT transaction pair on Binance, and the value of this transaction was 8.23 million dollars.

Bitcoin continues to trade at $68,040 at the time of writing.

*This is not investment advice.

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