During the day, cryptocurrency traders lost $430 million as a result of the forced closing of margin positions. More than 112 thousand users of crypto exchanges suffered losses, and the largest single liquidation occurred in a pair with bitcoin and amounted to $3.7 million, reports RBC Crypto with reference to Coinglass.
Pairs with the first cryptocurrency accounted for the most losses — $201 million. Ethereum is in second place with $69 million in liquidations. 86% of forced closed positions are long. This means that they were opened in anticipation of the growth of the market.
On the evening of May 5, the bitcoin rate fell to a minimum since February 24 at $ 36.3 thousand. Over the past day, the cryptocurrency has fallen in price by 8%. At the same time, the price of Ethereum fell by 7% to $2.7 thousand.
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