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Crypto Facing $1.2 Billion Liquidation Bloodbath as XRP, DOGE, and ADA Record Stunning Losses

According to data provided by CoinGlass, more than $1.2 billion worth of crypto has been liquidated over the past 24 hours.

Long positions, unsurprisingly, account for the vast majority of the wipeout ($1.07 billion).  The largest single liquidation order took place on Binance, with one trader losing nearly $16 million.

Binance comes in first place by the total amount of liquidated crypto with $546 million.

Earlier today, the price of Bitcoin plunged to an intraday low of $96,682, according to CoinGecko data The cryptocurrency is down nearly 7% in just 24 hours