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The Volatility of Bitcoin in The Past One Hour Resulted in Massive Liquidations
Summary: Bitcoin dropped rapidly in the last hour. Although it has started its recovery, the entire cryptocurrency market felt the pressure. Before recovering to the current levels, the market capitalization had lost more than $120 billion. This volatility resulted in massive liquidations. Data from bybt shows that almost $553 million in both long and short positions ...
Bitcoin dropped rapidly in the last hour. Although it has started its recovery, the entire cryptocurrency market felt the pressure. Before recovering to the current levels, the market capitalization had lost more than $120 billion.
This volatility resulted in massive liquidations. Data from bybt shows that almost $553 million in both long and short positions were liquidated in the past 4 hours alone, in which Bitcoin contracts took $405 million. In the past 24 hours, 143,653 traders were liquidated.
The largest single liquidation order happened on BitMEX on the ETH perpetual contract and it was worth a whopping $22.24 million.
By Sara Zhang
Tags: Bitcoin,Bitcoin (BTC),Bitcoin Futures,Ethereum Futures,Liquidity
Link: The Volatility of Bitcoin in The Past One Hour Resulted in Massive Liquidations [Copy]
