Small-cap crypto lead $1.7 billion liquidation in a day
The crypto market has witnessed a massive outbreak in just a day, with liquidation data showing hundreds of thousands of traders have been liquidated and the market cap shrunk.
According to the data from CoinGlass on Dec. 10, market traders have seen major liquidations in a year, with $1.7 billion wiped out in just a day of trading. At the time of writing, over $1.53 billion was spent in long positions, and $155 million was spent in short positions.
Small-cap crypto is leading the liquidations with $564 million in 24 hours, which is dominated by long positions of $543 million and short positions of only $21 million. Half of a million traders have lost today.
