Crypto Traders See $160 Million In Liquidations As Bitcoin Falls Below $58K
More than $160 million was liquidated from leveraged positions over the past 24 hours after the Bitcoin price dropped below $58K to trade at $57,934.13 as of 3:20 a.m. EST. The majority of the liquidations throughout the past day of trading were long positions, with bullish traders seeing over $134 million wiped out from their positions, according to Coinglass data. Meanwhile, more than $31 million was liquidated from short positions. Bitcoin And Ethereum Lead In Liquidations As Sentiment Reaches “Extreme Fear” The total crypto market cap dropped over 5% in the last 24 hours. This is after all of the top 10 biggest cryptos by market cap suffered losses during the past trading session. Toncoin ( TON ) took the biggest hit, and shed more than 7% of its value. Dogecoin (DOGE) was the next biggest loser after its price also plunged over 7%. Market leaders Bitcoin and Ethereum (ETH) both dropped over 4%. BTC and ETH accounted for the majority of the liquidations in ...