Crypto Traders Suffer Over $300M of Losses in Liquidations Amid Market Crash

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

The largest long liquidation in at least a month suggests that Thursday’s crypto crash caught traders off-guard. Bitcoin traders suffered some $112 million in losses in the past 24 hours; ether liquidations exceeded $73 million. sndr_krisztian reports

Of the liquidated trading positions in the past 24 hours, some $282 million were longs, betting on higher prices. This is larger than the highest daily long liquidation of this year, recording $254 million on Feb. 8, according to Coinglass.Bitcoin Dips Below $21K to Reach Lowest Level In 7 Weeks as Silvergate Bank Shutdown Shakes Investors

Binance and OKX saw the most liquidations, as the recent nosedive in crypto prices caught traders off-guard. Soaring long liquidations suggest that cryptocurrency prices’ sudden nosedive caught investors off-guard. BTC, the largest cryptocurrency by market capitalization, has plummeted more than 6% in the past 24 hours, and earlier in the day, reached its lowest level in seven weeks at around $20,050. Popular altcoins dogecoin (

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

sndr_krisztian lovely for BTC traders

sndr_krisztian I just bought some more.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in BUSİNESS

Business Business Latest News, Business Business Headlines