In the past 24 hours, $420.69 million longs were liquidated

In the past 24 hours, 141,325 traders were liquidated, the total liquidations come in at $420.69 million. The largest single liquidation order happened on Bitmex – XBTUSD value of $10.00M.

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There have been a lot of posts like this one about shorts being liquidated and people in the comments celebrating that shorts got “rekt”.

We have to show the other side as well and remind people that the opposite is also true, as $420.69 million was liquidated in just 24 hours.

$300 million was wiped just from BTC, ETH, LUNA, SOL, DOGE and NEAR.

Remember, don’t over leverage yourself on short or long, because you can get fucked both ways.

SOURCE

Edit: While I was making this post the liquidations rose by $20 million, so it’s at $440 million right now, but I left the old title for obvious reasons.