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Bitcoin Short Positions Worth $11.58 Million Liquidated in One Hour

The one-hour total reached $11.59 million as Bitcoin rose 0.52% to $83,831.

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Gold-toned cryptocurrency coin resting on a reflective market surface / TokenPost.ai
Gold-toned cryptocurrency coin resting on a reflective market surface / TokenPost.ai

Bitcoin (BTC) short positions worth $11.58 million were liquidated in the hour through 1:24 a.m. ET (05:24 UTC) Tuesday, as the cryptocurrency rose 0.52% to $83,831.

Total Bitcoin liquidations reached $11.59 million during the period. Long-position liquidations totaled $0 million, while short-position liquidations accounted for $11.58 million.

Bitcoin traded at $83,398 at the beginning of the hour and reached $83,831 by the end. The figures cover publicly available liquidation data from three exchanges and do not represent a marketwide total.

The tally covers the hour immediately before 1:24 a.m. ET on Oct. 13.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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