As Bitcoin Eyes $57K, Crypto Shorts Saw Liquidation Worth $270M In A Single Day — Analyst Warns $1B Bear Positions Face Liquidation If King Crypto Hits This Level

The cryptocurrency market started the week off with massive liquidations for investors who bet against its rise. What Happened: Coinglass, an on-chain data analysis tool reported that traders faced $364 million in liquidations on platforms such as Binance, Bybit, OKX, and Huobi.

Sentiment Result : Negative