Bitcoin (BTC) price drop below $60,000 cost traders $1.05 billion 😱😱😱
The total amount of liquidations on the crypto market in the last 24 hours exceeded 1.05 billion dollars. Most of the forced closed positions are in BTC and ETH.
The sharp collapse in the price of BTC after updating the annual high and the subsequent rebound cost traders $307 million. Market participants who opened positions in Ethereum (ETH) also suffered significant losses — the drop in the price of the second largest cryptocurrency to $3,350 cost them more than $180 million.
SOL, DOGE, SHIB and several other tokens became the leaders of liquidation of altcoins.
Over 90% of liquidations were distributed between OKX, Bybit, Binance and Huobi. The largest order was executed by Bitmex — the exchange closed the XBTUSD position for $9 million.
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