Amid the Bitcoin surge, $BTC as a result of which the asset once again updated its historical maximum, the daily volume of liquidations on futures contracts on crypto assets increased significantly. It amounted to $457.17 million, according to CoinGlass. In total, 160,079 traders were subject to liquidation. Long positions prevail, accounting for slightly more than half of all losses. In terms of assets, Bitcoin ranks first.
It is noteworthy that the altcoin basket is in second place. We also previously noted the lack of significant growth among these tokens amid the Bitcoin surge.
Among crypto exchanges, Binance is in first place, OKX is in second place. Their total share in the total losses is more than 65%.
The largest liquidation was recorded in the ETH/BTC currency pair on the Binance exchange. The trader lost $4.63 million.
Significant price jumps in crypto assets lead to an increase in the volume of liquidations. In recent weeks, this indicator has been at a consistently high level due to significant fluctuations in the Bitcoin exchange rate. The asset has updated its historical maximum several times
