In a huge green candle, the price of Bitcoin managed to climb as high as $55,555 on Binance, reaching a price not seen since May this year.
- Bitcoin is up 10% in the past 24 hours, with a lot coming in in the last 60 minutes.
- As seen in the chart above, the price reached an intraday high of $55,555 on the Binance spot before rebounding to where it is currently trading at around $54,000.
- This was the highest bitcoin price we’ve seen since May 12, 2021.
- It’s also worth noting that Bitcoin’s market dominance is on the rise as well, with altcoins failing to keep up with the pace. At the time of writing, BTC dominance is around 45% – the highest in nearly two months.
- The last hour saw a total of $162 million of liquidations, 89% of which were short positions as expected.
- This means that in the past 60 minutes alone, $145 million in shorts has been liquidated, most of which came from Huobi.
- The largest single liquidation order occurred on Huobi, and its face value was $11 million.
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