$142M in shorts got liquidated and 38k traders got rekt in the past 24h.
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Welcome back to the daily dose of liquidation, a reminder to not mess with leverage unless you know what you're doing. In the last 24 hours, 38,806 traders were liquidated on their positions which add up to over $197M. In the context of cryptocurrencies, forced liquidation happens when the investor or trader is unable to fulfill the margin requirements for a leveraged position. 72.18% of them were short positions, which add up to $142M. The other $55M were in long positions. The biggest single liquidation happened on a BTC trade with a value of $3.62M. $108M were liquidated on Bitcoin. $38.16M were liquidated on Ethereum. $11.78M were liquidated on XRP. The rest were liquidated on various altcoins. Source: https://www.bybt.com/liquidationdata submitted by /u/omeri_e |
