Bad News For Crypto

โ›”โ›”โ›”โ›”๐Ÿšจ๐Ÿšจ๐Ÿšจ๐Ÿšจ๐ŸšจCrypto Liquidations Strike Bitcoin Traders โš ๏ธโš ๏ธโš ๏ธ๐Ÿ˜ญ๐Ÿ˜ญ๐Ÿ˜ญ๐Ÿ˜ญ๐Ÿ›‘๐Ÿ›‘๐Ÿ›‘

The recent crypto liquidations have had the following effects on Bitcoin traders ยน ยฒ:

- Over $115 million in liquidated positions, with short traders losing around $66 million and long traders losing $49 million.

- Traders on OKX lost around $78 million, while those on Binance and Bybit lost $11 million and $2 million, respectively.

- The largest single liquidation order was executed on OKX, totaling $22.24 million.

- A total of 80,590 traders were affected, with losses totaling $279 million.

- The recent wave of liquidations follows a similar event on July 5, in which Bitcoin derivatives traders experienced a massive liquidation of $226 million, making it the highest since the collapse of FTX in November 2022.