In the past 24 hours, 60,128 traders were liquidated on their positions, which add up to well over $228M. In the context of cryptocurrencies, forced liquidation happens when the investor or trader is unable to fulfill the margin requirements for a leveraged position. The single biggest liquidation happened on an ETH trade with a value of $6.75M. $90.82M liquidated on Bitcoin. $61.72M liquidated on Ethereum. $14.45M liquidated on XRP. Over $60M were liquidated on various altcoins. 80+% were longs, sneaking this here to see if anyone reads the post before bashing shorters in the comments [link] [comments] |
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