A lot of bears getting rekt out there – current price of Bitcoin is @ $20540

Bitcoin liquidates over $1 billion as BTC price hits 6-week highs

“Data from Cointelegraph Markets Pro and TradingView showed the pair tackling $20,700 at the time of writing, up over 7% in 24 hours.

What began as an assault on $20,000 continued on the day, liquidations mounting further after already sealing the biggest shorts obliteration of 2022.

According to data from analytics resource Coinglass, Bitcoin alone accounted for $550 million in liquidations in the past 24 hours.

$704 million in cross-crypto shorts were liquidated on Oct. 25, with the Oct. 26 tally so far standing at $275 million. Including long positions, the total was over $1 billion.”

https://cointelegraph.com/news/bitcoin-liquidates-over-1-billion-as-btc-price-hits-6-week-highs