Bitcoin Drop Hits Decentralized Stock Market: 9 Million Dollars Lost in History!

Investors who took a long position on the decentralized exchange (DEX) GMX experienced a historic liquidation.

The drop in Bitcoin (BTC) many crypto investors directly Impressed. Users who buy bullish futures on the recently rising stock market GMX, Wednesday, June 14 day record level liquidation lived. Provided by the on-chain analytics platform Defi Moon data within a day of long positions liquidation $8.67 million reached.

A similar purge 17 June 2022‘also $7.5 million had lived.

by the GMX platform so far $3.1 million transaction fee was taken, and all of this number came from the purges. One of GMX’s biggest supporters is ex Bitmex CEO Artur Hayes known as. According to DeBank data, Hayes’ wallet has approximately 9 million dollars worth of GMX.

On the other hand, GMX, albeit briefly at the end of last year, daily transaction fee volume It surpassed Uniswap (UNI) in terms of

According to CoinGecko data, the day of the big liquidation is June 14th. 5.90% declining GMX, 45.74 from dollars $43.04 as much as it declined. GMX at the time of writing at $44.06 is being traded.


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