$200 Billion Exits Crypto Space as Markets Plunge to Support
Crypto market capitalization is down 8% on the day, plunging below $3.1 trillion on Feb. 25 following a wipeout of almost $200 billion in 24 hours.
This is the lowest markets have been since mid-November, obliterating almost all gains since Donald Trump’s election victory.
Total cap is now teetering on longer-term support levels, and a fall below $3 trillion will see these levels broken and a potential end to the bull market.
$1B in Liquidations
Coinglass reported that more than 314,000 traders have been liquidated over the past 24 hours to the tune of almost a billion dollars. Over 90% of the liquidations were in long positions and the largest single liquidation order happened on BitMEX with $10 million worth of…
