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​$2.6 Billion Of Long Positions Liquidated In One Hour During Crypto Market Collapse

Mary Liu

Summary: According to data provided by data aggregator Bybt, long positions worth $2.6 billion in major cryptocurrency exchanges were liquidated in one hour, of which the amount of liquidation on the Bybit platform was as high as $913.7 million.  According to data from the Bitpush terminal, the cryptocurrency market is undergoing a major crash. The largest ...

According to data provided by data aggregator Bybt, long positions worth $2.6 billion in major cryptocurrency exchanges were liquidated in one hour, of which the amount of liquidation on the Bybit platform was as high as $913.7 million. 

According to data from the Bitpush terminal, the cryptocurrency market is undergoing a major crash. The largest cryptocurrency, Bitcoin, has fallen from a high of $53,000 to a low of $42,800 on the Binance Exchange, to a low of $43,000 on Coinbase, and fell below $40,000 on Huobi. 

At the time of writing, Bitcoin's 24-hour decline reached 9%, with a trading price of around $46,800.

By Mary Liu

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