$188 Million Liquidated Across Crypto Exchanges as Bitcoin Dips Below $59,000
More than $150 million worth of long crypto positions were liquidated over the last 24 hours.
Posted October 11, 2024 at 9:43 am EST.
Bitcoin declined as much as 4% on Thursday, briefly trading at a three-week low of $58,930. The negative price action comes amid a broader market selloff, which saw most major cryptocurrencies in the red — except Uniswap’s native token UNI, which jumped ahead of an announcement revealing an upcoming layer 2 network.
Data from CoinGlass shows that as many as 57,201 traders were liquidated in the last 24 hours, with total liquidations across crypto exchanges exceeding $188 million.
At…
