Bitcoin and other cryptocurrencies are recovering while short orders are getting liquidated massively
orders remain the most widely liquidated positions on the market. Second place goes to Ethereum, with $42 million worth of orders wiped out in the last 24 hours.
While the liquidation volume remains relatively high, it is still far behind the record-breaking liquidation tick observed on Jan. 21, when the market faced almost $1 billion of long liquidation volume in 24 hours.According to the TradingView chart, Bitcoin has bounced up from the bottom of the ascending rangebound that sits at approximately $37,600.
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