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Bitcoin Long Liquidations Hit Highest Level Since August: Data; Interest in Bridging Bitcoin to Avalanche Swells
The crypto futures market took a hit with exchanges liquidating longs or bullish bitcoin futures worth over $62 million during Asian trading hours on Friday. That's the highest amount since August, according to Glassnode data. Separately, over 2,000 BTC ($44 million) was ported to Avalanche, the largest single-day BTC.b mint on record, according to data sourced from pseudonymous analyst 0xAcid's dashboard on Dune Analytics.
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