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

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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 (

 

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sndr_krisztian lovely for BTC traders

sndr_krisztian I just bought some more.

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