Crypto Traders Suffer Over $100M of Short Liquidations as Bitcoin Hits 3-Month High Over $31K

The liquidations occurred as bitcoin rallied 4% to surpass the $31,000 price level for the first time since July, extending its October advance. Most of the alternative cryptocurrencies, or altcoins, also soared, with Chainlink’s LINK, Polygon (MATIC) and Polkadot (DOT) posting 6% to 10% advances at one point.

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Cryptocurrencies: 12,906
Markets: 942
Marketcap: $ 2.23 T
24h Vol: $ 140.61 B
BTC Dominance: 49.81%