On the night of April 16, 2024, Bitcoin fell to $61,700, but subsequently the rate of the first cryptocurrency rose to almost $63,000. Over the course of the day, the price of the asset decreased by more than 4%. Against this background, the volume of liquidations on futures on the cryptocurrency market amounted to more than $310 million in 24 hours.
Over the past 24 hours, positions of 121,038 traders were liquidated. Approximately $314 million in losses occurred on long positions, and almost $85 million on short positions.
The volume of liquidations on futures contracts in the crypto-asset market. Source: CoinGlass
The largest amounts of liquidations have traditionally been on the Binance and OKX cryptocurrency exchanges – $125.85 million and $113.91 million, respectively. The largest liquidation of $5.97 million was recorded on OKX in the ETH/USDT trading pair.
It should be noted that on the night of April 16, all cryptocurrencies from the top 10 in terms of capitalization moved into the red zone, according to CryptoRank.
At the time of writing, Bitcoin is trading near $63,000.
Source: Cryptocurrency
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