Article • about 1 year ago
Crypto Market in Flux as Bitcoin and Ethereum Reach New Heights, Triggering Record Liquidations
Summary
- Bitcoin and Ethereum reached new all-time highs on November 9th, driving up their prices substantially.
- This surge in prices led to a notable increase in liquidations, resulting in around $289 million in liquidated positions across major derivative exchanges.
- Bitcoin accounted for over $167 million in liquidated positions, while Ethereum saw over $80 million in liquidations. Additionally, the funding rates for both cryptocurrencies reached record highs, indicating trader confidence in future price increases.
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