A wave of $774.14 million in crypto liquidations swept the market over the past 24 hours. Bullish traders absorbed the bulk of losses, totaling $688.56 million, or 89% of the total. This deleveraging wave was fueled by unfavorable macroeconomic and geopolitical factors, compounded by a brutal stock market crash in Asia. Long positions on Ethereum paid the heaviest toll.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
