The cryptocurrency market saw over $665 million liquidations in the past 24 hours as bitcoin faces heavy selling pressure with Mt Gox continuing to make movements for payout.
In the past 24 hours, a total of 230,541 traders were liquidated, with the total liquidations across centralized exchanges amounting to $665.8 million, according to data from Coinglass. Ether also faced significant liquidations, with $163.4 million liquidated, of which $143.3 million were long positions, the data showed. The price of ether fell 10.57% in the last 24 hours to $2,890, according to The Block's price page.
On Thursday night, Mt Gox moved 47,228.7 BTC to a wallet address, which soon sent back 2,702 BTC and transferred 44,527 BTC to another address, according to data from blockchain tracker Arkham. A few hours later, another address related to Mt Gox moved 1,545 BTC to a hot wallet on Bitbank, Arkham data showed.