$312M worth of Crypto assets were liquidated in the last 24 hours! Of which 93.6% being Longs worth $292M

The last hours we saw a huge drop in price with Bitcoin going from $22K to nearly $20K. This will ofcourse result in alot of liquidated Longs.

Here is a short summary of the past 24 hours:

• In the last 24 hours about $312M Dollars worth of assets were liquidated.

• The liquidated Shorts and Longs of being: $292M were Longs (93,6%) and $20M were Shorts (6,4%).

• About 101.540 traders were liquidated!

• Top 4 largest assets liquidated:

$115M of BTC, $73M of ETH, $7M of LTC and $6M of SOL.

• The most unlucky whale that got liquidated has been liquidated on Bitmex with BTC-XBTUSD with a value of $9.49M Dollars.

The liquidations will likely go higher with more volatility or a even larger drop. It is unknown if it will drop even further in this unstable market.

Personally I try will not come close to using leverages in this extremely volatile market.

Don't invest more than you can afford and be careful out there!

Source: Coinglass