Crypto Market Meltdown: over $600 Million Lost in Liquidations | Crypto

Crypto Market Meltdown: over $600 Million Lost in Liquidations

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-The rate of liquidations over the past day has begun to concern investors in the market.
-It shows just how much traders had begun to trust in the market recovery.
-Data from Coinglass shows that 168,586 trades have been liquidated in the past day.
-A cumulative $602.71 million has been lost by traders, with the vast majority of this coming in the last 12 hours alone at the time of this writing.
-In the last 12 hours alone, liquidations have come out to a total of $435.54 million.
-Liquidations from bitcoin in the last day were more than $223 million, amounting to 10.38K in BTC liquidated.
-Crypto exchange Okex has accounted for almost half of all of the BTC liquidations at 48.47%, and 98.88% of those being long trades.
-Ethereum was the second hardest hit in the market.
-Trailing behind bitcoin, the altcoin saw a total of 95.56K ETH liquidated in the last day, coming out to a total of $161.93 million.
-On the 4-hour chart, ETH liquidations have surpassed BTC with $30.43 million for the former and $21.04 million for the latter.
-Others have seen below double-digital liquidations with Dogecoin leading the pack.

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