The amount of liquidations of traders’ positions on large crypto exchanges due to fluctuations in cryptocurrency rates over the past day exceeded $170 million. data Coinglass, 46.3 thousand orders worth more than $75.9 million for Bitcoin and more than $29.3 million for Ethereum were forcibly closed, writes RBC Crypto.
The bitcoin (BTC) rate increased by 5.3% per day and, according to data at 16:30 Moscow time, is $27.3 thousand, according to data Coingecko. Ethereum (ETH) has grown by 4.7% over the past 24 hours and is trading at a price of $1.7 thousand XRP from Ripple added 2.8% per day, Litecoin (LTC) rose by 4%, according to the site.
Over the past 24 hours, 29% of traders whose orders were forcibly closed expected the market to rise further. 71% of liquidated positions are short.
Many positions after Bitcoin and Ethereum were liquidated in BCH ($5 million) and XRP ($4 million). Most of the positions were closed on the Binance exchange with a share of 31%, followed by OKX with 30% and Bybit with 23%.
On the night of August 18, Bitcoin fell below $25,000 and traders lost more than $1 billion overnight.
Source: Cryptocurrency
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