Crypto market rebound liquidates over $200M
High-flying layer1 blockchain network Aptos (APT) liquidated $31.61 million in short positions against it.
The crypto industry’s mild recovery over the last 24 hours has liquidated $212 million from the market, according to Coinglass data.
During this period, the market recovery liquidated 50,517 traders — the most significant liquidation being a $3.85 million position on BTC.
Meanwhile, blockchain analytical firm Santiment pointed out several altcoins ascending over the reporting period. Santiment said:
“Social spikes & FOMO may cause a top, or traders will scoff at this run (allowing rallies to continue).”