The bitcoin rate on the morning of March 23 dropped to $ 53,000, which led to a large-scale liquidation of traders’ margin positions. In total, orders were closed for $ 1.65 billion.
By
data analytical portal Bybt, “long” positions were closed for $ 1.5 billion. Traders who opened sell orders lost $ 165 million. About 235,000 traders suffered losses, and one of them lost more than $ 10 million.
As before, the leader in terms of liquidations (50.69%) was the Binance Futures platform, on which, due to a lack of margin security, positions for $ 820 million were closed (of which $ 763 million was in “longs”). In second place, Bybit, which had 22.05% of liquidations in the amount of $ 357 million. Huobi platform was placed in third place with a result of $ 275 million (17.2%).
In terms of assets, $ 880 million of “long” positions and $ 100 million of “short” positions were liquidated in Bitcoin. For ETH, $ 237 million and only $ 10 million were closed, respectively, and the third place was taken by the ADA cryptocurrency (Cardano), the buyers of which lost $ 50 million, and the sellers lost another $ 2.5 million.
Note that today has become far from a record in terms of the volume of liquidations. Just a week ago, on March 14, the volume of closed positions in the event of a market fall exceeded $ 2.08 billion, and a month earlier it amounted to a record $ 3.5 billion.
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