The total liquidations in the cryptocurrency market have reached above $1.1 billion as all assets have been dumped in a matter of hours. The cumulative valuation of all crypto assets yesterday in the market fell from $1.56 trillion to $1.35 trillion.
<h2><strong>Its a Crypto Blood Bath Out There</strong></h2>
According to data from <a href="https://www.coinglass.com/LiquidationData">Coinglass</a> over 280,000 crypto traders were liquidated over the last 24 hours with total liquidations exceeding $1.6 billion.

The single largest liquidation order took place on cryptocurrency exchange BitMEX on a Bitcoin/U.S. dollar trading pair with the trader losing $6.3 million.

Bitcoin and Ethereum traders were the most affected, and their liquidations double-handedly, accounted for more than half of the aggregate figure. Occupying the third position, LUNA stood next to Ethereum.

Per data from Coinglass, Bitcoin positions worth $342 million were rekt over the past 24-hours, while Ethereum and Terra positions worth $318 million, $86 million were wiped out respectively.

At the time of writing, Bitcoin was trading at $31,31, Ethereum was trading at $2,358 and LUNA was trading at $28.66.

Over $1B in Crypto Liquidated from the Past 24 Hours

The total liquidations in the cryptocurrency market have reached above $1.1 billion as all assets have dumped in a matter of hours.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Over $1B in Crypto Liquidated from the Past 24 Hours

Top Picks