Nearly $13.75M liquidated as WAVES rallies 70% in a day — what’s next? By Cointelegraph
Dustin Moskovitz
WAVES price surged by up to 70% on March 29, reaching a new all-time high around $54. Traders betting against the rise of Waves — the native token of the WAVES blockchain network — suffered losses worth millions of dollars as the pair extended its recovery to a record level in the past 24 hours.
The price rebound, which started on Feb. 22 when WAVES price was at $8.25 caused around $13.75 million worth of liquidations due to crypto-based futures on a 24-hour adjusted timeframe, data from Coinglass shows.
WAVES liquidations every 12-hours. Source: CoinglassWaves inflow into the Neutrino smart contract. Source: Defi LlamaUSDN market capitalization in the last 24 hours. Source: CoinMarketCapWAVES/USD weekly price chart featuring ‘bull flag’ pattern. Source: TradingView
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