55196 traders got liquidated in the last 24 hours. Liquidation means the exchange closed their positions when the traders ran out of funds to cover their losses a.k.a 0 account balance.
The largest single liquidation order happened on Huobi-ETH value $6.15M. Oops.
$104,610,00000 liquidated in BTC.
$274,640,00000 liquidated in ETH.
The rest is spread across alts. Source
Maybe shorting ETH on x125 leverage on the same day Arbitrum was going to be scaled on the mainnet was not such a good idea. RIP.
Friendly reminder to stay away from leveraging an already highly volatile asset like crypto.
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