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During BTC correction, $ 2.7 billion positions were liquidated on derivatives exchanges

Long and short positions of 46,000 BTC, 519,000 ETH, 830,000 LTC were liquidated on the derivatives exchanges over the past day due to the decline in cryptocurrency markets.

According to data provided by Bybt, derivative exchanges have liquidated positions on BTC, ETH, XRP, LTC and other cryptoassets with a total value of $ 2.74 billion.This happened after the price of Bitcoin fell to a weekly low this morning. Quotes fell by more than 20% from yesterday’s levels, and from a new all-time high – by more than 25%. Now the bitcoin rate has already fallen to $ 31,500.

Altcoins have suffered even more: the price of ETH fell below $ 1,000 and, possibly, will go below this support. Long positions account for 88.42% of losses. Short positions of $ 282.63 million were closed during the most successful days for bears in 2021.

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Binance had the largest volume of liquidations at $ 1.02 billion, followed by Huobi at $ 582 million and Bybit at $ 543 million. While long positions of $ 163 million were liquidated on BitMEX, one of the traders of this exchange recorded the largest one-time loss in the amount of $ 10 million

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