Server Outage at Bybit and Binance During Market Correction đ„đ
Bybit and Binance servers temporarily experienced outages. đš
Over the past 1.5 hours, there have been massive liquidations. Currently, approximately 500 million trades in long positions have been liquidated. đž
A total of 168,798 traders were liquidated, with the overall liquidations (both shorts and longs) amounting to a staggering 605 million USD. đ° The largest single liquidation order occurred on Huobi with a BTC-USDT value of 14.26 million USD. đ
The total cryptocurrency market capitalization has plummeted by 8%. Bitcoin, the leading currency in the crypto market, underwent a dramatic correction, dropping 9.1% from 45,200 USD to just about 41,000 USD within only 1.5 hours. đ»đ
