On November 9, Bitcoin surpassed the $36,000 mark. The volume of futures liquidations in the crypto-asset market increased to approximately $186.6 million.
Over the past 24 hours, 57,903 trader positions were liquidated, totaling over $186.6 million, according to CoinGlass. About $154.44 million in losses came from short positions.
The largest liquidations were recorded on OKX And Binance crypto exchanges – $67.89 million and $58.73 million, respectively. This is followed by Bitmex – $22.22 million, Bybit – $17.8 million and Huobi – $16.46 million.
At the time of writing, BTC is trading near $36,800.
Bitcoin Price History in November
On the night of November 2, Bitcoin crossed the $36,000 mark, after which the price of the asset fell to around $35,200. In this context, the volume of futures liquidations in the crypto-asset market reached $160 million in 24 hours.
Bitcoin started on November 9 with growth. In a few hours, the price of the first cryptocurrency increased by almost 5%. The last time BTC traded above $36,000 was on May 8, 2022. After BTC, the altcoin market also showed positive momentum.
Bitcoin rose on news that the U.S. Securities and Exchange Commission (SEC) started negotiations with Grayscale, the subject of which was to convert the organization’s BTC fund into a spot Bitcoin ETF. At the end of August 2023, the court face with grayscale. The judge ordered the regulator to review the company’s application to convert the fund into an ETF. The commission did not appeal the court’s decision.