As Bitcoin reached an all-time high and then fell nearly 15%, $1 billion worth of futures positions were liquidated.
Bitcoin broke the 69 thousand dollar band on March 5 all time high reached. However, Bitcoin, which could not hold on to the top for a long time, soon 14.5% lost value.
With this sudden decline, especially long (short) directional futures positions suffered major losses. According to CoinGlass data, in the last 24 hours $1 billion worth of positions liquidated while these $815 million long transactions, 233 million dollars the part short created directional transactions.
In total More than 296 thousand cryptocurrency investors It was stated that he was affected by this situation.
The largest liquidation opened on Bitmex, the cryptocurrency exchange. $9 million Bitcoin long Approximately the total positions liquidated while holding a position 77% long created positions. of liquidations 309 million dollars from Bitcoin And $183 million from Ethereum (ETH) happened.
Total liquidation amount of $1 billion $400 million largest cryptocurrency exchange Binance while taking place on 2nd place $366 million with liquidation OKX took place.
Bitcoin in the last 24 hours 14.5% While it decreased, this decrease was reflected much more harshly on altcoins. Ethereum during the same period 16%BNB (BNB) 16.2% and Cardano (ADA) 26% experienced a decline.
