Bad News For Crypto

⛔⛔⛔⛔🚨🚨🚨🚨🚨Crypto Liquidations Strike Bitcoin Traders ⚠️⚠️⚠️😭😭😭😭🛑🛑🛑

The recent crypto liquidations have had the following effects on Bitcoin traders ¹ ²:

- 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.