The amount of liquidations of traders’ positions on cryptocurrency exchanges over the past 24 hours amounted to more than $174 million, according to data Coinglass service. A total of 85.5 thousand positions were liquidated, and the largest single liquidation occurred on the BitMex exchange in the amount of $3.86 million, writes RBC Crypto.
Increased volatility in the market led to forced closures of both long ($122.9 million) and short positions ($51.2 million). Including orders worth over $29 million for Bitcoin (BTC) and almost $26 million for Ethereum (ETH) were liquidated.
By data Coinmarketcap, the total capitalization of the crypto market has decreased by 1.62% over the past 24 hours. Of the largest altcoins by capitalization, the strongest decline was shown by Solana (SOL) – by 5.43%, Polkadot (DOT) – by 4.96% and Avalanche (AVAX) – by 6.67%. Cardano (ADA), Dogecoin (DOGE) and Chainlink (LINK) are down 3-4% on average.
Among altcoins, the most positions liquidated were Solana (SOL) at $12.33 million, Memecoin (MEME) at $9.56 million, and Ripple (XRP) at $7.21. Among exchanges, Binance ($5 million), OKX ($2.58 million) and Bybit ($1.11 million) are the leaders in terms of the amount of forcedly closed positions.
Source: Cryptocurrency
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