Over $228M worth of positions and 60k traders were liquidated in the last 24h.
In the past 24 hours, 60,128 traders were liquidated on their positions, which add up to well over $228M. In the context of cryptocurrencies, forced liquidation happens when the investor or trader is unable to fulfill the margin requirements for a leveraged position. The single biggest liquidation happened on an ETH trade with a value of $6.75M. $90.82M liquidated on Bitcoin. $61.72M liquidated on Ethereum. $14.45M liquidated on XRP. Over $60M were liquidated on various altcoins. 80+% were longs, sneaking this here to see if anyone reads the post before bashing shorters in the comments submitted by /u/omeri_e |