Yesterday, on November 16, a large amount of money was lost in the cryptocurrency market. According to information from Coinglass, about $101 million worth of investments were lost in just 12 hours. This happened because people who had bets on the value of their cryptocurrency going up had to pay back their bets when it went down instead.
In this situation, those who bet that the value would go down had to pay $64.0554 million, while those who bet that it would go up had to pay $36.5382 million.
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<p>The post Network Liquidations: Long vs Short Orders, Coinglass Data, November 16 first appeared on CoinBuzzFeed.</p>