Coinglass analytics showed $11.89 million worth of liquidations originated from ‘long’ traders, or those borrowing from exchanges to bet on higher ether prices. 92% of all traders were long ether Monday morning, and 50% of the liquidations took place on crypto exchange OKEx, which accounted for over $4.93 million in liquidations. Source link … [Read more...] about Ether Drops to $3.8K As Over $12.5M Futures Liquidated
Liquidated
$500 million in longs liquidated yesterday as Bitcoin fell $4,000
Bitcoin fell nearly $4,000 in a steep plunge this morning, taking with it the broader crypto market and causing over $500 million in ‘long’ liquidations.Funding rates were high across the board on Tuesday, leading to some traders commenting on an impending market drop. “Open interest reached an ATH. Let’s do a little bullish shakeout before we go higher,” tweeted Lex Moskovski, … [Read more...] about $500 million in longs liquidated yesterday as Bitcoin fell $4,000
85,000 crypto traders ‘liquidated’ after Bitcoin fell to nearly $30,000
Tens of thousands of crypto traders were liquidated last night as Bitcoin briefly dropped to under $30,500, data from multiple sources shows. Altcoins saw a similar dump as a result, with millions of dollars getting shaved off on lesser-known coins like AXIE and SAND.Over 82,000 traders were liquidated, with the largest single liquidation order taking place on Bybit—a Bitcoin … [Read more...] about 85,000 crypto traders ‘liquidated’ after Bitcoin fell to nearly $30,000
$7 million ‘liquidated’ after Bitcoin drops $1,000 in 30 minutes
Bitcoin fell $1,000 this morning in a sudden drop, taking along with the rest of the crypto and racking up $7 million in ‘liquidations,’ data from several sources shows.‘Liquidations,’ for the uninitiated, occur when leveraged positions are automatically closed out by exchanges/brokerages as a “safety mechanism.” Futures and margin traders—who borrow capital from exchanges … [Read more...] about $7 million ‘liquidated’ after Bitcoin drops $1,000 in 30 minutes
$3.72 billion liquidated as cryptos fall by double-digit percentages
Crypto traders woke up to $3.7 billion in liquidations today as the market saw a deep pullback, data from markets tool Bybt shows.$3.72B and 341,347 traders were liquidated in 24h.Never a dull day in crypto. pic.twitter.com/bWdBi0sj2u— Lex Moskovski (@mskvsk) May 13, 2021The dump came shortly after Ethereum creator Vitalik Buterin dumped his ‘petcoins’ and Tesla discontinued … [Read more...] about $3.72 billion liquidated as cryptos fall by double-digit percentages