Over $ 400 million in cryptocurrency short positions have been eliminated in the past 24 hours.

According to Financial Magnates, the rise in BTC rates has had a major impact on the cryptocurrency market. According to data from crypto analytics platform bybt.com, over $ 400 million worth of short-term crypto trades, including short-term Bitcoin trades valued at around $ 320 million and short-term Ethereum trades worth around $ 70 million have occurred. in the last 24 hours. According to the data, around 70,000 cryptocurrency traders were successful in a single day.