Bitcoin has triggered a reaction in leverage traders (BTC() plunged below $58,000 and dragged altcoins with it.
Coinglass is a crypto-data aggregator that reports over $448.490,000 worth of liquidations. occurred in the last 24 hours – more than 84% from leveraged longs.
OKX was the exchange with the most liquidations, at $171.28 Million. Binance, which is the biggest exchange on earth, came in second place, with $170.43 Million, then Huobi followed, before $45.09 and 37.22 million were traded on Bybit.
Coinglass has revealed that the vast majority of the $167.43million worth of Bitcoin liquidated during the day were long positions. Coinglass is also able to determine that Ethereum, the most popular smart contract platform, has been liquidated for $115.48 Million.ETHThe same period has seen the liquidation of ).
Solana, a competitor of ETH.SOLDogecoin, a popular meme asset valued at 17.01 million dollars and two other assets worth $17.01 millions.DOGEPepe ) is valued at $13.56 millions and PepePEPEThe value of the ) is $6.61 Million.
Coinglass reports that the biggest single order for liquidation occurred on OKX, in the ETH/USDT currency pair. The value was $6.07 million.
Bitcoin dropped from a peak of $61,335 down to $56,757 over the last 24 hours. Bitcoin, at the time of this writing, is now trading for $57,429. That’s a decrease of over 6% from its previous high.
Solana currently trades for $123 as of the time of this writing. This is down by nearly 5% from yesterday. DOGE trades for $0.12 as of the time of this writing. This is down by nearly 9% from 24 hours ago. PEPE was trading at $0.00000619 when this article was written, down by nearly 9% in the last day.
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