$142M in shorts got liquidated and 38k traders got rekt in the past 24h.

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

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Total Liquidations

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Symbol Liquidations