Crypto Liquidations Top $200 Million as Ethereum, Bitcoin Fall
Both Bitcoin and Ethereum are down 12% over the past 30 days, although there are some hopeful signs, according to experts and analysts.
Crypto market liquidations spiked to their highest point in a week on Wednesday as the price of Bitcoin sunk below $60,000.
In the past 24 hours, more than 74,000 traders were liquidated to the tune of $208 million, CoinGlass data shows.
The majority of those — some $184 million — struck investors holding long positions that had bet on prices going up.
The largest liquidations afflicted Ethereum investors, at $55.5 million, almost entirely in long positions, data shows.$BTC