Bitcoin reached a price of $84,000 on September 21, marking its highest level since January 31. This price movement triggered the liquidation of $262.30 million in short positions within one hour, as reported by CoinGlass. At the time of the report, the asset traded at $83,869, reflecting a daily increase of 3.18%.
Total crypto market liquidations reached $271.83 million in that hour, with long positions accounting for $9.53 million. Bitcoin liquidations totaled $218.55 million, followed by Ethereum at $26.47 million and Solana at $8.92 million. Over a 24-hour window, total liquidations hit $599.15 million, affecting 127,304 traders.
The largest single liquidation order involved a Binance Bitcoin perpetual contract valued at $11.29 million. Market-wide, XRP rose 7.04% and Solana gained 6.67% over 24 hours, while Zcash recorded a weekly gain of 33.50%. Bitcoin also achieved its first weekly close above the 50-week moving average in 45 weeks, ending the week of September 20 at $81,159.
