Bitcoin Roars To $114,000, Ethereum, XRP, Dogecoin Rebound From $20 Billion Liquidation Catastrophe

Bitcoin is back above $114,000 on Monday morning, following a liquidation event on Friday that saw many altcoins lose 70% within minutes.

Spot Bitcoin ETFs recorded $4.5 million in outflows on Friday, while spot Ethereum ETFs saw $174.8 million in net outflows.

In the past 24 hours, approximately 189,320 traders were liquidated for a total of $620.93 million. On Oct.10, liquidations reached $19.2 billion, with long positions accounting for $16.7 billion.

Could The Aftermath Of The 2020 Liquidation Candle Replay?

Ted Pillow highlighted that Bitcoin currently sits between two critical liquidity clusters: $109,000–$113,000 and $117,000–$121,000.

Pillows also

Full story available on Benzinga.com