Ether outperforms bitcoin and sustains rally, amid surge in short liquidations
Ether has maintained its rally while outperforming bitcoin as market volatility prompts a surge in short liquidations. Ether short positions bore the brunt of market volatility damage as the digital asset rose above the $3,600 mark on Monday. According to Coinglass data, there were over $27 million in ether short liquidations in the past 24 hours. In the wider cryptocurrency market, there have been over $204 million in liquidations over the past 24 hours.
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