The daily volume of liquidations in the crypto market approached $200 million
Against the background of increased volatility, the volume of liquidations in the crypto market approached $200 million in 24 hours. Most of the liquidations were in short positions.
In the period from February 12 to 13, 2024, the volume of liquidations on futures in the cryptocurrency market amounted to $196.5 million. During this period, bitcoin was trading in the range of $48,000 to $50,300.
According to CoinGlass, 61,508 traders' positions have been liquidated in the last 24 hours. Approximately $93.5 million of losses were in long positions, and almost $103 million in short positions.
Most of the liquidations occurred on trading pairs with bitcoin and Ethereum — $59.31 million and $49.83 million, respectively.
The largest liquidation of $4.69 million was recorded on the Binance crypto exchange in the ETH/USDT trading pair. The platform was also the leader in the volume of closed positions of traders per day — more than $ 94 million.
Note that fluctuations in the exchange rate of the first cryptocurrency during the day occurred against the background of inflation data in the United States.
Source: https://incrypted.com/sutochnyj-obem-likvidacij-na-kriptorynke-priblizilsya-k-200-mln/
