Investors who took long positions in cryptocurrencies such as Bitcoin and ether experienced a total liquidation of $ 203 million today.
The cryptocurrency market was volatile today before the US inflation data were released.
After the inflation rate was higher than expected, a wave of sales was seen across the crypto money market.
This affected investors who took long positions in cryptocurrencies.
The total value of liquidations across the cryptocurrency market has never been higher since September 18. The total value of the liquidations on that date was approximately $215 million.
$46 million of the $203 million liquidation recorded today, drop for bitcoin due to positions.