$790 Million In Crypto Longs Decimated As Bitcoin Plunges To $93,000 — TradingView News
Bitcoin and the altcoins have plummeted during the past day, leading to the liquidation of a large amount of crypto longs in derivatives markets.
Crypto Sector Has Seen A Notable Amount Of Liquidations In The Last Day
According to data from CoinGlass, the past day’s volatility in the crypto market has been accompanied by a swath of liquidations. The “liquidation” of a contract occurs when it accumulates losses of a certain degree and is forcibly shut down by the exchange. In the digital asset sector, volatility tends to be high, so a large number of liquidations take place on a regular basis. The last 24 hours involved one such volatile event, as the table below depicts.
In total, the crypto market has faced $874 million in…
