The global cryptocurrency markets are trading lower, Friday, amid Mt Gox repayments, Germany transferring Bitcoin and a spike in short liquidations.
Notable Statistics:
- IntoTheBlock data noted Bitcoin reflecting strength in key metrics, with 14.8% growth in large transaction volumes and a 259.7% surge in exchange netflows. Transactions greater than $100,000 also increased in a single day.
- Coinglass data pointed to short liquidations at their highest level ($132 million) since May 20. In the past 24 hours, 206,505 traders were liquidated, the total crypto liquidations stood at $582.02 million.
- Whale Alert data indicated that a dormant address that has 20 BTC, worth $1.1 million, just got activated after 11.1 years.
Notable Developments: