Crypto’s volatility strikes again this Saturday, November 23, liquidating over $478 million worth of traders’ positions amid ups and downs. XRP and ADA, for example, registered massive gains but also sharp corrections.
As Bitcoin (BTC) consolidates below the $100,000 psychological resistance, an altseason is starting, bringing significant volatility with big moves. Altcoins have seen double-digit gains, liquidating bearish short-sellers, just to see double-digit corrections right after, liquidating bullish long-position traders.
Notably, the 24-hour crypto liquidations total $478 million, equally punishing both sides of the market. According to data Finbold retrieved from CoinGlass, the volatility liquidated $240 million and $238 million from shorts and longs, respectively.
The largest single liquidation affected a BTC/USDT trader on Binance, striking down a $15.03 million position. Today’s liquidations affected over 164,700 crypto traders, with low-cap altcoins gett
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