$420M worth of positions were liquidated and 110k traders got rekt in the last 24h.
 |
In the last 24 hours, 110,613 traders were liquidated on their positions, which add up to almost $420M. 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 biggest single liquidation happened on a BTC trade with a value of $7.26M $193.41M were liquidated on Bitcoin. $68M were liquidated on Ethereum. $38.08M were liquidated on XRP. The rest were liquidated on various altcoins. 81.15% of the trades were long positions. That means that $340M were liquidated on long positions, and $79M on short positions. Source: https://www.bybt.com/liquidationdata submitted by /u/omeri_e |
