Bitcoin, Ethereum Lead $364M Crypto Liquidations Amid Market Crash
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Written by
askingalliv
askingalliv
1 year ago
More than 103,000 traders were liquidated for $364 million over the last 24 hours.
What Happened: Data from CoinGlass shows that the majority of crypto long traders were liquidated on Tuesday.
Meme-based cryptocurrency Dogecoin
saw $3.07 million worth of liquidations, putting it in similar territory to altcoins Solana
and Cardano
, which witnessed $3.5 million and $3.6 million worth of liquidations, respectively.
Most liquidations were recorded on cryptocurrency exchanges OKX, Binance and FTX.
Expert Take: Crypto market analyst Krisma noted that crypto exchanges suspending ETH and ERC-20 deposits before The Merge will make it difficult for traders to add assets to their margin positions and avoid liquidations.
Written by
askingalliv
askingalliv
1 year ago