Coinglass data shows that Bitcoin is now up over 5% on May 15, which has resulted in over $120 million worth of liquidations in the past 24 hours in the digital asset ecosystem. Both long ($54 million) and short positions ($66 million) were affected. While Bitcoin has borne the brunt of these liquidations ($37 million), it has slightly retraced and is hovering below the $65,000 mark.
Interestingly, a substantial amount of leverage is positioned above $65,000, with hundreds of millions of dollars worth of leverage concentrated around the $67,500 level, just shy of $1 billion, according to Coinglass data.
Japan's stablecoin adoption is accelerating after AZ-COM Maruwa Holdings, the logistics company responsible for much of Amazon…
Three men have been sentenced to prison in the United Kingdom after orchestrating a sophisticated…
Canadian rap superstar Drake has placed a $1.5 million bet in Tether (USDT) on Argentina to defeat Spain in the 2026 FIFA World Cup…
Galaxy Digital is bringing crypto and AI deeper into mainstream sports after signing a 15-year naming rights…
NOXA, the launchpad responsible for approximately 75% of all token deployments on Robinhood Chain, has abruptly…
Loaded Lions, the flagship NFT collection and Web3 entertainment brand developed by Crypto.com, has opened pre-registration for Mane City…