CandleFocus Bitcoin Explodes to Almost $80K, With Over 130,000 Traders Liquidated Daily
2024-11-10
Author: Content Editor
Bitcoin's price has reached another all-time high of nearly $80,000, experiencing a 16% weekly surge. Altcoins have performed even better, causing over 130,000 over-leveraged traders to suffer significant losses, mostly from short positions. Despite a slight retracement, Bitcoin remains above $79,000 and has gained over 15% in the past week. Several altcoins, including ADA, CRO, SUI, and NEIRO, have also seen impressive gains. The liquidation of over-leveraged positions in the past 24 hours amounts to close to $400 million, with the largest liquidation taking place on Binance worth over $13 million.
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