$600M in crypto liquidations as Bitcoin sours above $23k and ETH puts on a 42% rally in one week.

The past few hours have been quite amazing in crypto. As Bitcoin finally showed some signs of getting out of its crabbing range upward to $23k and we saw a breathtaking rally from ETH after some Merger news. Obviously that also resulted in short and long liquidations, the past day saw $600M in combined crypto liquidations.

Bitcoin alone has amassed about $60M long and evenly short liquidations in the past few hours. I mean it's your taste and skill level whether you can handle leverage well or not. Mostly people get burned but there are obviously also other people who make a bunch of profit off it.