Sats (SATS), one of the well-known names of BRC20 projects, created a panic atmosphere with its short-term depreciation.
Sats (SATS), one of the most prominent projects of the BRC20s, has lost a lot of value due to the drop in Bitcoin (BTC). After failing to overcome significant resistance, the popular coin began to retreat, falling 20.50 percent in just two days. The fact that BRC20s are not in demand as much as they used to be and BTC's downward movement rang the danger bells for SATS. In addition, SATS, which fell 9.49 percent in the last 24 hours, ranked second on the "Biggest Losers" list.
#BTC Nearly 300 million dollars were lost! In the light of data from Coinglass, 104,243 crypto investors were liquidated in the last 24 hours. The value of liquidations reached 294.89 million dollars. Of this value, $ 228.36 million was long and $ 66.52 million was short transactions. The biggest loss in a single transaction was recorded as $9.70 million in the BTC/USDT pair on the Binance exchange.
When we look at the data on the stock market side, Binance provided the most liquidity with $ 134.97 million. Long transactions accounted for 77.76 percent ($104.96 million) of the liquidations on Binance. OKX ranked second with $ 96.07 million. Long transactions accounted for 78.95 percent ($ 96.07 million) of the liquidations on OKX. The remarkable statistics came from the almost equal distribution of liquidations on Bitmex and bullish investors on Bitfinex.