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$209 millions of dollars worth of positions just got wiped today.

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by COINS NEWS 115 Views

$209 millions of dollars worth of positions just got wiped today.

As the overall market cap keeps dropping today, over $209,000,000 worth of positions just got liquidated from the market.

The largest single liquidation order happened on Bitmex - XBT/USD value of $2.61M.

As the market is trying to navigate through current turbulence we may see even more positions liquidated in the coming hours.

Another reminder that trading with leverage is super risky and only few hours of price swings can wipe a lot of positions out of the market.

https://preview.redd.it/vpvp7ticz7ha1.png?1537&format=png&auto=webp&s=c100ecc9e9987c6fe567b6c2d9ff6a7b9f645797

Almost all of them were long positions:

Liquidations per exchange

Longs vs shorts wiped today.

submitted by /u/rootpl
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