The cryptocurrency market saw one of its biggest selloffs today, wiping out $1.54 billion in leveraged positions as Bitcoin, Ethereum, Solana, and XRP prices tumbled. Meanwhile, the crash erased nearly $64...
Summary
- The cryptocurrency market saw one of its biggest selloffs today, wiping out $1.54 billion in leveraged positions as Bitcoin, Ethereum, Solana, and XRP prices tumbled.
- Traders betting on higher prices suffered the biggest losses, with $1.29 billion in forced closures, accounting for 83.8% of total liquidations.
- Meanwhile, short traders also faced heavy liquidations, losing $252.83 million, or around 16.5% of total liquidations.
- Binance recorded $754.6 million in liquidations, accounting for 49.2% of the market-wide total.
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