Bitcoin drop, traders seen $553 million crypto liquidations
Traders have witnessed a massive half-billion dollar amount of crypto liquidations in a day after Bitcoin dropped to its lowest price in the past week.
According to Coinglass’s data on Nov. 25, crypto traders have seen massive liquidation of about $553 million in the past day of trading. Traders with long positions have liquidated $413 million as Bitcoin price dropped to $92k, decreasing almost 5% in a day.
The long positions in the last 12 hours and 4 hours have seen major crypto liquidation with $344 million and $140 million, respectively. The short positions in the past day also raised into triple digits, $138…
