Over $100 million in shorts liquidated on crypto exchanges in the last 4 hours

According to Coinglass, bears who bet on further cryptocurrency decline at bitcoin's $50k exchange rate at the time of opening of trading on U.S. exchanges have forced positions closed for a total of more than $102 million.

Of these, $53 million were shorts on BTC, and $33 million on ETH.

The total amount of liquidations on crypto exchanges for more than 286 thousand traders over the past day exceeds $1.18 billion.