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Whales who bought 3K Bitcoin on Binance just single-handedly liquidated $120 million in BTC shorts. Rekt!

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by COINS NEWS 239 Views

Whales at approximately 8:05 UTC bought 3K in BTC worth $147 million on Binance which led to $120 million in BTC short positions being liquidated within seconds. This is approximately 10x higher than liquidations on any other coin. The rate of shorts liquidated from this was 97.8%, one of the highest I've ever seen!

In total in the past 24 hours $347 million of long + short liquidations have taken place. This single group of whales took out 35% of that figure in shorts in one pump. Imagine having that kind of power to slay bears. Straight up rekt!

submitted by /u/PunPryde
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