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As Bitcoin breaks the $50,000 and Ether goes beyond the $3,300 mark, another $300,000,000 worth of positions got liquidated in the last 24 hours.

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by COINS NEWS 243 Views

As Bitcoin breaks the $50,000 and Ether goes beyond the $3,300 mark, another $300,000,000 worth of positions got liquidated in the last 24 hours.
  • Over 69,227 traders got rekt in the last 24 hours,
  • $134,980,000 in BTC positions,
  • and $81,21,000,000 worth of ETH positions,
  • The biggest single liquidation was worth $12,000,000! OUCH! How do you explain that to your wife?
  • Not a very good day for leverage traders today.

https://preview.redd.it/3ct7fauk12j71.png?1701&format=png&auto=webp&s=675484cd8ade51c970f3240e6908b242c7945f0f

However, what's interesting this time around is the fact that "only" around 47% of those that got destroyed were short positions, usually, it's mostly shorters. Looks like some folks got caught up in the ETH's dip when it dropped to $2950 for a while yesterday.

https://preview.redd.it/764mddan12j71.png?1665&format=png&auto=webp&s=41241d447db86f80fde71e5ba759735a14fd5a1e

submitted by /u/rootpl
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