Crypto Market’s Nearly 6% Slide Costs Bulls $1 Billion in a Day
Crypto traders lost $1.23 billion to forced liquidations over the past 24 hours, nearly double the previous day’s total. Bets on higher prices accounted for $1.02 billion of it as the crypto market cap fell 5.75% to $2.33 trillion. Long positions made up 82.7% of the crypto liquidations, Coinglass data shows. Bitcoin (BTC) slipped below The post Crypto Market’s Nearly 6% Slide Costs Bulls $1 Billion in a Day appeared first on BeInCrypto.
Key Takeaways
- Crypto traders lost $1.23 billion to forced liquidations over the past 24 hours, nearly double the previous day’s total.
- Bets on higher prices accounted for $1.02 billion of it as the crypto market cap fell 5.75% to $2.33 trillion.
- Long positions made up 82.7% of the 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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