Volatility strikes down: $478M whipped from crypto traders in liquidations
Crypto’s volatility strikes again this Saturday, November 23, liquidating over $478 million worth of traders’ positions amid ups and downs. XRP and ADA, for example, registered massive gains but also sharp corrections. As Bitcoin (BTC) consolidates below the $100,000 psychological resistance, an altseason is starting, bringing significant volatility with big moves. Altcoins have seen double-digit gains, liquidating bearish short-sellers, just to see double-digit corrections right after, liquidating bullish long-position traders. Notably, the 24-hour crypto liquidations total $478 million, equally punishing both sides of the market. According to data Finbold retrieved from CoinGlass , the volatility liquidated $240 million and $238 million from shorts and longs, respectively. Picks for you This indicator is a clear sign of Bitcoin surging p...