The volume of liquidations in the crypto market exceeded $800 million per day
On the evening of February 28, the price of bitcoin rose sharply to almost $64,000, but subsequently fell below the $59,000 mark. Against the background of these fluctuations, the volume of liquidations in the crypto market exceeded the $800 million mark in 24 hours.
On the evening of February 28, 2024, the price of bitcoin rose sharply to $ 64,000, but subsequently the asset rate fell below $59,000. Against the background of increased volatility, the volume of liquidations on futures in the cryptocurrency market amounted to more than $800 million in 24 hours.
Over the past 24 hours, the positions of 188,813 traders have been liquidated. Approximately $355 million of losses occurred in long positions, and almost $445 million in short positions.
Most of the liquidations occurred on trading pairs with bitcoin — $307.54 million and Ethereum — $129.22 million.
The largest amount of liquidations has traditionally been recorded on the Binance and OKX cryptocurrency exchanges — $288.27 million and $277.11 million, respectively.
Source: https://incrypted.com/obem-likvidacij-na-kriptorynke-prevysil-800-mln-za-sutki/
