🚨 SHOCKING AMOUNT OF LIQUIDATION HAPPENED IN FEW HOURS 🚨
The cryptocurrency market has indeed faced significant turbulence recently, leading to substantial liquidations for Bitcoin (BTC) and Ethereum (ETH) traders. Here are the key points:
Massive Liquidations: Over 80,921 traders were liquidated, with total liquidations amounting to $337.37 million1.Market Capitalization Decline: The global cryptocurrency market capitalization fell by 3.6% over the past 24 hours, dropping from $2.5 trillion to $2.42 trillion.
Bitcoin’s Price Movement: Bitcoin reached an intraday high of $67,110 on July 24 before plummeting to around $64,1001.Ethereum’s Price Movement: Ethereum, currently trading at $3,160, saw an 8.1% price drop, exacerbated by a $133.3 million net outflow from spot ETH ETFs in the U.S.
The price drops of these leading cryptocurrencies have caused most long positions to get liquidated, contributing to the majority of the liquidated trades
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