The crypto market has recorded more than $1.20 billion in 24-hour liquidations from 319,433 positions on Monday, according to Coinglass data. The liquidation was spearheaded by over $1.1 billion in liquidated long positions with just $115.5 million in short liquidations.
Bitcoin (BTC) extends its recovery trading above $111,000 on Monday. The rebound, mirrored across the cryptocurrency market, follows last week’s volatility, which saw the price of BTC correct to $103,528 on Friday.
Ripple (XRP) rises above $2.40 at the time of writing on Thursday, following two consecutive days of declines. The token briefly corrected, with the intraday candle wick reaching $2.35 earlier in the day, as a bearish wave spread across the cryptocurrency market.