584,000 Crypto Traders Lose $1.7B as $BTC Bitcoin Sees Flash Crash to $94K.
Bitcoin falls to shocking levels, triggering a crypto liquidation event for thousands of traders across the market.
While the crypto bull market often sparks feelings of euphoria, the volatility that makes it so exciting also often stings. Over the past 24 hours, leverage traders caught on the wrong side of rapid market fluctuations have felt this sting.
584K Crypto Traders See Massive Losses
Nearly 584,000 crypto speculators have faced liquidations in the past 24 hours, with the total figure coming in at a staggering $1.76 billion, per CoinGlass data at the time of writing. According to the data, long traders witnessed the impact the most, as long positions amounted to $1.58 billion in liquidations.
