The last 24 hours have been filled with twists and turn for the crypto market but one thing that is important is that bitcoin crossed $19,000. This would be the first time that the digital asset would be reaching this price since the FTX collapse triggered another market downturn. However, as always, such sudden movements in the market would lead to liquidations, and traders are feeling the heat. Crypto Liquidations Cross $200 Million Over the last day, liquidations have ramped up, seeing more than $200 million in losses for traders. This was a result of the bounce following the CPI data release, and then the subsequent corrections which happened just as fast. Related Reading: XRP Tops List Of Gainers As Whale Interest Spikes Since the CPI data had come in exactly as expected at 6.5%, it meant that there was a flush between shorts and longs, and this flush is also present in the ratio of liquidations. Data from Coinglass shows that while short traders are still suffering the most losses, the gap with longs is not that wide as ..
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