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Short Traders Suffer $200M in Losses as Ether, Cardano Lead Crypto Majors' Gains

Crypto market capitalization has increased about 3.5% in the past 24 hours.

By Shaurya Malwa
Updated Jan 12, 2023, 2:15 p.m. Published Jan 12, 2023, 10:19 a.m.
Traders betting on a market-wide decline were caught off guard as a broad recovery saw $200 million in shorts, or bets against price rises, getting liquidated. (Unsplash)
Traders betting on a market-wide decline were caught off guard as a broad recovery saw $200 million in shorts, or bets against price rises, getting liquidated. (Unsplash)