$188 Million in Crypto Shorts Liquidated as Bitcoin Returns to $84,000

Odaily: Bitcoin returned to $84,000 on October 21, with an intraday high approaching $84,739. Coinglass data shows that crypto market liquidations totaled $243.04 million over the past 24 hours, of which short liquidations accounted for $188.14 million, or 77.4%, involving 71,223 traders.

Among these, Bitcoin-related liquidations amounted to $78.42 million, with nearly 94% coming from shorts; Ethereum accounted for $47.99 million, and Zcash about $14.8 million. The largest single liquidation was a $8.74 million Ethereum short on Binance, which accounted for about 44% of all liquidations.

Bitcoin's price had previously fallen back to the $82,000 to $82,600 range, before rising about 1.5% to 2.7% over 24 hours. As of October 21, the $84,000 to $85,000 range continues to face selling pressure, and the price has not yet clearly broken out of October's trading range. (Bitcoin.com News)