Crypto While the market witnessed significant liquidations of $200 million in the last 4 hours, this amount increased to over $500 million in the last 24 hours.
As Koinfinans.com reported, according to Blockchain analysis platform CoinGlass’ Liquidation Heatmap data, more than $9 million was liquidated from the digital asset sector in the last hour.
In addition, it is the world’s largest crypto exchange by trading volume. Binancesaw the largest liquidation amount with 213.85 million dollars in the last 24 hours. During the same time period, $92.88 million was liquidated in Ethereum (ETH).
According to data from CoinGecko, leading digital assets BTC and ETH witnessed a sharp decline of 5.65% and 6.61% respectively in the last 24 hours. Bitcoin and Ethereum‘s transaction volumes increased by 105.50% and 82% respectively.
Especially, Bitcoin When it reached $69,000 for the first time in two years in March, the digital asset space saw $1 billion liquidated in just 24 hours, sparking conversations in the industry.
CoinGlass also confirmed in its data that 122,485 investors were liquidated in the last 24 hours, making total liquidations $403.06 million. The largest single liquidation order was on OKX-ETH-USD-SWAP worth $7.48 million. OKX also became the exchange with the second largest liquidation, with $117 million.
