$383M worth of positions were liquidated and 85k traders got rekt in the last 24h.

In the last 24 hours, 85,494 traders were liquidated on their positions, which add up to over $383M.In the context of cryptocurrencies, forced liquidation happens when the investor or trader is unable to fulfill the margin requirements for a leveraged position.The biggest single liquidation happened on a BTC trade with a value of $2.72M$144.78M were liquidated on Bitcoin.$40.39M were liquidated on Ethereum.$24.1M were liquidated on XRP.The rest were liquidated on various altcoins.53% of the trades were short positions. That means that $204M were liquidated on short positions, and $181M on long positions.A big part of them happened in the last hour ($108M).Source: https://www.bybt.com/liquidationdata​Total Liquidations​Symbol Liquidations

Submitted September 06, 2021 at 07:57PM