Traders lost $100 million due to Bitcoin price decline in 4 hours
Today, in four hours, crypto traders lost more than $100 million due to the liquidation of leveraged positions. Since April 29, the capitalization of the cryptocurrency market has fallen by almost $100 billion, which provoked these liquidations.
More precisely, due to high volatility, crypto traders recorded losses of $101.39 million in just 4 hours, with $96.62 million coming from the liquidation of long positions.
Number one altcoin Ethereum (ETH) led the losses with $28.47 million in collateral forced sold on exchanges, while Bitcoin (BTC) saw just under $20 million liquidated over the same period.
On the 12-hour time interval, twice the volume of liquidation was recorded: losses amounted to $204.56 million, the share of long positions reached $189.92 million. For this reason, over the last 24 hours, crypto traders lost $273.38 million, long positions also prevailed here.
Binance alone carried out the largest liquidation of the ETH/USDT pair amounting to $5 million.
