Nearly $600 Million in Crypto Longs Liquidated as Bitcoin and Ethereum Fall to August Lows
Crypto traders betting on higher prices lost $599 million over the past 24 hours. The wipeout came as Bitcoin (BTC) and Ethereum (ETH) slid to their lowest levels in nearly three months. Longs made up 88% of $680.81 million in total crypto liquidations, Coinglass data shows. Friday’s US producer price data could now decide whether The post Nearly $600 Million in Crypto Longs Liquidated as Bitcoin and Ethereum Fall to August Lows appeared first on BeInCrypto.
Key Takeaways
- Crypto traders betting on higher prices lost $599 million over the past 24 hours.
- The wipeout came as Bitcoin (BTC) and Ethereum (ETH) slid to their lowest levels in nearly three months.
- Longs made up 88% of $680.81 million in total crypto liquidations, Coinglass data shows.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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