Binance Liquidations Near $800M As Bitcoin Sinks
CoinGlass recorded $2.05 billion in total liquidations across tracked exchanges as Bitcoin prices sank.
Crypto liquidations approached significant figures as market conditions shifted, according to TheDefiant. Data from CoinGlass recorded $2.05 billion in liquidations across tracked exchanges during the session. The vast majority of these liquidations occurred in leveraged bets targeting rising prices.
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Liquidations on Binance alone neared $800 million as the broader cryptocurrency market experienced a sharp downward movement led by Bitcoin.
Key Facts
- CoinGlass recorded $2.05 billion in total liquidations across tracked exchanges.
- Binance liquidations neared $800 million.
- The liquidations were overwhelmingly concentrated in long positions betting on rising prices.
Source: thedefiant.io
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