{"id":25903,"date":"2025-05-08T23:01:34","date_gmt":"2025-05-08T23:01:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25903"},"modified":"2025-05-08T23:01:34","modified_gmt":"2025-05-08T23:01:34","slug":"263-million-in-crypto-shorts-rekt-as-bitcoin-closes-in-on-100000","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25903","title":{"rendered":"$263 Million In Crypto Shorts Rekt As Bitcoin Closes In On $100,000"},"content":{"rendered":"
\n

Data shows the cryptocurrency derivatives market has suffered a high amount of liquidations as Bitcoin and other assets have rallied.<\/p>\n

Bitcoin Is Close To Revisiting The $100,000 Mark<\/h2>\n

After a pullback under $94,000 earlier in the week, Bitcoin has seen a rejuvenation of bullish momentum during the last couple of days as its price has recovered to levels beyond $99,000.<\/p>\n

Below is a chart that shows how the asset\u2019s recent trajectory has looked.<\/p>\n

\"Bitcoin<\/p>\n

This rally marks the first time since February that Bitcoin has returned to these levels. If demand keeps up, it\u2019s possible that the cryptocurrency would soon be challenging the $100,000 mark.<\/p>\n

The number one digital asset hasn\u2019t been alone in this rally in the sector. In fact, many of the altcoins<\/a> have produced better returns than BTC\u2019s 2.5% jump during the last 24 hours.<\/p>\n

An asset that particularly stands out is Ethereum, which has managed to rally more than 7% inside this window.<\/p>\n

\"Ethereum<\/p>\n

As is visible in the graph, Ethereum has broken above $1,950 with this surge. The coin has generally been performing worse than Bitcoin for a while now, so this breakout reflects a deviation from the pattern.<\/p>\n

As a whole, the cryptocurrency sector has witnessed notable volatility in the past day. Thus, it may be of no surprise that the derivatives side of the market has seen a shakeup.<\/p>\n

Crypto Derivatives Has Seen Large Liquidations Over The Last 24 Hours<\/h2>\n

According to data from CoinGlass<\/a>, a mass amount of cryptocurrency liquidations have occurred on the derivatives exchanges. \u201cLiquidation<\/a>\u201d here naturally refers to the forceful closure that any open contract undergoes after it has amassed losses of a certain degree, as specified by the platform.<\/p>\n

Here is a table breaking down the numbers related to the latest liquidations in the market:<\/p>\n

\"Bitcoin<\/p>\n

As displayed above, the derivatives sector has seen a total of $377 million in liquidations during the last 24 hours. Out of these, over $290 million of the liquidations have affected the short contract holders alone.<\/p>\n

In percentage terms, this makes up for more than 77% of the total. The liquidation flush being this short-heavy comes down to the fact that assets across the market have gone up in this period.<\/p>\n

Bitcoin has interestingly seen more liquidations ($130 million) than Ethereum ($90 million), despite the fact that the latter has seen a larger price move inside this window.<\/p>\n

\"Bitcoin<\/p>\n

This could perhaps be an indication that speculative interest<\/a> around ETH has simply not been that high recently, at least when compared to BTC.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Data shows the cryptocurrency derivatives market has suffered a high amount of liquidations as Bitcoin and other assets have rallied. Bitcoin Is Close To Revisiting The $100,000 Mark After a pullback under $94,000 earlier in the week, Bitcoin has seen a rejuvenation of bullish momentum during the last couple of days as its price has […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25903","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25903"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25903\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}