PiCK
Large Short Position Liquidations in Trump Rally... Approaching $100 Million in the Last Hour
YM Lee
- It was reported that large short positions were liquidated in the cryptocurrency market due to the Trump rally.
- The liquidation amount of cryptocurrency perpetual futures positions was reported to be close to $100 million in the last hour.
- Binance was recorded as the exchange with the most position liquidations.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Volatility in the cryptocurrency market is rapidly increasing ahead of the inauguration of U.S. President-elect Donald Trump.
According to CoinGlass data on the 20th (local time), the liquidation amount of cryptocurrency perpetual futures positions in the last hour is approaching $100.32 million. Among them, the proportion of short positions is a staggering 78%, suggesting that large-scale liquidations occurred as Bitcoin hit a new high due to the Trump-induced rally.
The exchange with the most position liquidations was Binance, with $28.31 million liquidated, followed by Gate.io ($22.38 million), OKX ($20.06 million), and Bybit ($15.20 million).

YM Lee

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