Over $249,000,000 in Bitcoin, Ethereum and Solana Shorts Liquidated in Hours As BTC Blows Past $37,000

Hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) shorts have been liquidated as the king crypto shoots past $37,000.

According to new data from blockchain tracking platform Coinglass, during the last 24 hours, the top crypto asset by market cap has seen just over $131 million worth of short contracts liquidated.

Bitcoin is trading for $36,460 at time of writing, a 2.9% gain during the last 24 hours but nearly a 3.5% drop from its seven-day high of $37,935 set on the morning of November 9th.

Coinglass further reveals that during the same time frame, Ethereum, the second-largest crypto asset by market cap, has seen $48 million worth of short contracts liquidated while smart contract platform Solana has seen $9.56 million.

Ethereum is trading for $2,028 at time of writing, a 7.4% rise on the day while Solana is moving for $46.27, an 8.4% rise during the same time frame.

The overall liquidation numbers for BTC, ETH, and SOL during the last day are $170.5 million, $66.5 million and $17.7 million, respectively.

Other notable crypto assets on Coinglass’s radar that saw significant liquidations include the decentralized blockchain oracle Chainlink (LINK), which saw $6.25 million in short liquidations and $9.9 million overall, and the popular dog-themed memecoin Dogecoin (DOGE), which saw $1.8 million in short contracts wiped away and $7.95 million in overall liquidations.

LINK is trading for $14.28 at time of writing while DOGE is trading for $0.071.