Bulls Absorb 89% of $774 Million Crypto Liquidations as Leverage Unwinds
Leveraged bulls took the brunt of a $774.14 million crypto liquidation wave over the past 24 hours, losing $688.56 million. Those traders were caught on the wrong side of the selloff, as macro and geopolitical factors weighed on markets, and a sharp stock rout in Asia added to the strain. Ethereum Longs Paid the Biggest The post Bulls Absorb 89% of $774 Million Crypto Liquidations as Leverage Unwinds appeared first on BeInCrypto.
Key Takeaways
- Leveraged bulls took the brunt of a $774.14 million crypto liquidation wave over the past 24 hours, losing $688.56 million.
- Those traders were caught on the wrong side of the selloff, as macro and geopolitical factors weighed on markets, and a sharp stock rout in Asia added to the strain.
- Ethereum Longs Paid the Biggest The post Bulls Absorb 89% of $774 Million Crypto Liquidations as Leverage Unwinds appeared first on BeInCrypto.
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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