$19.1 billion in liquidation in 24 hours, why did the crypto market suffer a bloodbath?
The crypto market ushered in the largest liquidation in history. In the early morning of October 11, many crypto investors who woke up from their dreams thought they had misjudged the market.
The crypto market ushered in the largest liquidation in history. In the early morning of October 11, many crypto investors who woke up from their dreams thought they had misjudged the market.
Coinglass data shows that as of 8:00 on the 11th, the 24-hour liquidation amount reached US$19.1 billion, and 1.62 million people worldwide were liquidated. The largest single liquidation order occurred in Hyperliquid – ETH-USDT, worth US$203 million.
The crypto market is in turmoil.
Behind these staggering margin calls, while Bitcoin and Ethereum have…
