Crypto Liquidations Nearly at $10B Amid Trade Wars; What’s Next? — TradingView News
The crypto market experienced one of the highest forced liquidations in its history today, October 11. According to market data from CoinGlass, more than $9.5 billion was liquidated from the crypto market during the late North American session.
During the past 24 hours, more than 1.5 million traders were liquidated, with long trades amounting to over $8 billion. Bitcoin’s leveraged market recorded a total liquidation of $2.46 billion while Ethereum recorded around $2.24 billion.
The largest single liquidation happened on HTX involving a BTC/USDT pair valued at around $87 million.
Why Is the Crypto Market Down Today?
As Coinpedia reported, United States President Donald Trump has revealed a fresh trade war with China. After a period of…
