Over $815M in Crypto Liquidated as Bitcoin and Ether Slide
More than $815 million in crypto positions were liquidated as downward price pressure hit Bitcoin and Ether.
More than $815 million in cryptocurrency trading positions have been liquidated as Bitcoin and Ether prices dropped, according to TradingView. The market decline triggered widespread automated position closures across leveraged digital asset trades.
Market Liquidations
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The wave of liquidations accelerated as the two largest cryptocurrencies by market capitalization experienced downward price action. The slide forced margin calls and liquidations across trading venues, driving total losses past the $815 million mark.
Key facts
- More than $815 million in crypto positions were liquidated.
- The wipeout followed drops in the prices of Bitcoin and Ether.
- Leverage unwind occurred across crypto derivatives markets.
Source: news.google.com
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