Major cryptocurrencies fell 20% in the last 24 hours due to wallet activity associated with Mt. Gox. Bitcoin fell 8% to $54,000 and Ethereum fell more than 10%. According to Coinalyze, this resulted in more than $580 million in bullish bets being liquidated. Bullish bets on Bitcoin and Ethereum resulted in losses of more than $380 million. The largest liquidation order was on Binance, an ETH trade worth $18.4 million.