Bitcoin Pumps 5%, Liquiditating $800m
0Beincrypto.com reports, "The overall crypto market cap pumped by nearly 5%.
This has resulted in a short squeeze worth over $800 million, according to data from Coinglass.
The pump liquidated over 100,000 traders in 24 hours.
The largest single liquidation order happened on the Okex exchange in ETH-USDT-SWAP worth $3.05m. The overall crypto market cap In a 4-hour timeframe, the crypto total market cap formed an inverse head and shoulder.
Bitcoin price actionBTC showed similar price action to the crypto total market cap chart.
In a daily timeframe, BTC is trading significantly above the 50-day Simple Moving Average (SMA) after almost 45 days.
Source: https://beincrypto.com/bitcoin-800m-liquidated-btc-surges-breaking-20000/
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