The daily volume of liquidations in the crypto market exceeded $522 million
On March 19, bitcoin sank below $65,000. Against this background, the volume of liquidations exceeded $522 million.
From March 18 to 19, 2024, the volume of liquidation for futures contracts in the crypto market amounted to $522.82 million, according to CoinGlass. This happened against the background of bitcoin's drawdown below $65,000.
In total, 223,030 traders were liquidated. Long positions prevail in terms of losses - $443.5 million. The short positions account for $79.32 million.
Bitcoin (BTC) prevails among crypto assets. Pairs with the first cryptocurrency account for about 20% of all losses as a result of liquidations. Next are Ethereum (ETH) and altcoins, in particular Solana (SOL), Dogecoin (DOGE) and Ripple (XRP).
Traditionally, Binance and OKX are the leaders in crypto exchanges. Their total share is almost 70%.
Source: https://incrypted.com/sutochnyj-obem-lykvydatsyj-na-kryptorynke-prevysyl-522-mln/
