Over $182 Million Wiped Out As Bitcoin Price Breaks $64,000 And Sends Bears To The Gallows
Bitcoin price has surpassed $64,000 after a 7.7% increase from a low of $59,400 within four days. This surge has resulted in over $182 million in liquidations across exchanges, predominantly affecting short positions. On October 14, Bitcoin reached a high of $64,500, marking its highest point in October and turning the monthly return positive for the first time. Binance led the liquidations with approximately $77.33 million, 54.23% from shorts, followed by OKX with $58.71 million and 62.84% from shorts. HTX, Bybit, and CoinEx also experienced significant liquidations, primarily from short positions. The current rally may lead to further liquidations as short sellers might close positions to limit losses, potentially driving Bitcoin's price higher.
