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