More Than 253,000 Traders Liquidated As Crypto Bloodbath Continues
13 Junio 2022 - 06:45AM
NEWSBTC
The crypto bloodbath has left thousands of traders in a bad way. A
rapid decrease in price has seen more than 240,000 traders rekt in
the span of 24 hours. As the downtrend continues, more investors
are added to the long line of losers, most of which have been long
traders. As it stands, there are now almost a billion dollars that
have been liquidated in the market so far and this number continues
to climb with bitcoin declining below $24,000. Over $940 Million In
Crypto Liquidated Over the last 24 hours, the liquidations that
have rocked the crypto market have been nothing short of brutal.
Most of the liquidations have come from the largest digital assets
in the space but Bitcoin has borne the brunt of it once more. The
long traders who were hoping for further price recovery had been
hit hard in the space. Although the majority of liquidations have
been long liquidations, it doesn’t mean that short traders have
been spared either. What has occurred has been that as the price
fluctuations continue, a lot of traders have been blindsided and
had their positions liquidated in a flash. Related Reading
| U.S. Macro Pressure Responsible For Entire Bitcoin Downtrend
So far, there have been a little over 253,000 traders liquidated in
the past day alone but these numbers are rapidly growing. Data from
Coinglass shows that $596.99 million in longs have been liquidated,
accounting for 63.25% of all rekt volume. While $346.86 million in
shorts have been liquidated, making up the remaining 36.75% of
losses. Market cap losses more than $100 billion | Source: Crypto
Total Market Cap on TradingView.com Bitcoin, Ethereum, Record
Massive Losses As expected, the big players have seen the most
losses in the past 24 hours. What is more interesting is the volume
of digital assets that have been lost by traders. For bitcoin
alone, there have been more than 16.84K BTC liquidated. This comes
out to $399.38 million. As for Ethereum, it tells an almost
identical story with 298.96K ETH liquidated which totals $356.82
million. Related Reading | Head To Head: Bitcoin, Ethereum
Profitability For Investors The smaller altcoins have not been
spared from the onslaught either. Solana which has been one of the
worst losers when it comes to the market downtrend has seen this
translate into liquidations. With the digital asset finally
dropping below $30, long liquidations have ramped up, leaving
traders losing 699.32K SOL or $18.59 million in the past 24 hours.
Other top losers include FLM with $11.99, GMT with $7.86 million,
ADA with $7.53 million, and TRX with $5.85 million. Other notable
assets also recorded losses to a significant degree with XRP, LUNA,
DOGE, and AVAX seeing $5.54 million, $5.19 million, $4.84 million,
and $4.72 million in liquidations respectively. Litecoin completed
the top 12 with liquidations of $4.60 million. Featured image from
Chemistry World, chart from TradingView.com Follow Best Owie on
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