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Bitcoin leads crypto liquidations, affecting 186k traders
In the past 24 hours, cryptocurrency markets experienced considerable volatility, leading to liquidations totaling US$524.8 million.
Data from Coinglass indicates that almost 186,000 traders were impacted across centralized exchanges.
Bitcoin led the liquidations with US$142.5 million in force-closed positions, including US$101 million in long positions.
Ether saw liquidations totaling US$89.9 million, with US$49.2 million originating from long positions.
Liquidations occur when traders’ positions are liquidated due to insufficient funds needed to cover losses or maintain required margins.
Recent cryptocurrency developments
| Timeline |
|---|
04-Jan-2025 🚀 Cryptocurrency prices surge this year as bitcoin, altcoins gain
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17-Aug-2021 💸 Philippine cryptocurrency exchange startup gets $12.5m in funding
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14-Feb-2019 💰 In brief: Cryptocurrency traders in Indonesia object to new futures rules
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14-Feb-2019 💰 Cryptocurrency 101: What is a stablecoin?
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| 21-Dec-2018 💰 In brief: Cryptocurrency transfer via WhatsApp in the works at Facebook, sources say |
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