Bitcoin Risks Plunging To $20,000 As LUNA Fatally Crashes To $0 Over $1.28 Billion Liquidated In Hours
– The total number of liquidations for the past 24 hours is $1.28 billion.
– The global crypto market cap has sunk 15.33% in the last day to sit at $1.19 trillion.
– The weighted percentage of purchases across all crypto exchanges stands at 64.63%.
– The De-Fi lending sector liquidation volume reached $130 million in the past day.
– The most affected protocols include AAVE which lost $64.3M, Venus ceded $38.19M while Compound lost $13.02M.
– The FUD around stablecoins, particularly with Terras UST de-pegging off of the dollar this week has been blamed on the market carnage.
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