$420M worth of positions were liquidated and 110k traders got rekt in the last 24h.
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In the last 24 hours, 110,613 traders were liquidated on their positions, which add up to almost $420M.
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 $7.26M
$193.41M were liquidated on Bitcoin.
$68M were liquidated on Ethereum.
$38.08M were liquidated on XRP.
The rest were liquidated on various altcoins.
81.15% of the trades were long positions. That means that $340M were liquidated on long positions, and $79M on short positions.
Source: https://www.bybt.com/liquidationdata
submitted by /u/omeri_e
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