Aug 20, 2022
Long Liquidations Hit $562M in 24 Hours
Long Liquidations Hit $562M in 24 Hours
Yesterday, the market recorded the highest daily number of liquidations since June 13, 2022. Long liquidations reached $562 million in just 24 hours. Most of these losses were in the BTC and ETH markets. However, total long liquidations in other altcoins reached as much as $144 million. The reason is the collapse of Bitcoin’s upward price structure and its sharp decline. BTC price action On the…
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