The effects of Binance reaching a settlement with the US Department of Justice were felt intensely in the futures markets.
According to Coinglass data, cryptocurrency investors who made futures transactions in the last 24 hours Liquidation worth $228 million lived. This 77% from long positions is formed.
In total, together with long and short positions, the ones most affected by the activity in the market are $66.8 million There were Bitcoin contracts where liquidation took place.
During the same period, $28 million was liquidated for Ethereum, $10 million for Solana, and $6 million for Binance Coin. BNB, developed by Binance and the token of the BNB ecosystem, fell after the reconciliation news.
Liquidations are the most Binance ($99.5 million), OKX ($62 million) And Bybit ($37 million) occurred on the stock exchanges.
Binance accused of violating sanctions and payment service laws in the US “one of the biggest fines” agreed to pay a fine of $4.3 million.