Over $500 Million Liquidated As Bitcoin Slides To $92K – Report — TradingView News
In the last few days, there have been big changes in crypto land. In just 24 hours, more than $550 million was liquidated. When Bitcoin fell to its weekly low, it caused a flood of sell-offs that caused about 170,000 traders to lose money on their accounts.
Coinglass reports such tremendous losses to be placed at $118 million in BTC longs, $54 million in ETH longs, and even $25 million in Dogecoin long positions.
This surge in liquidations, in conjunction with a decrease in market capitalization and trading volume, emphasizes the volatility that traders have come to anticipate. This is perceived by analysts as a component of a more extensive pattern of corrections that have occurred in the wake of Bitcoin’s recent rally to near-record…
