10/05/2022
Cryptocurrencies have been hit by a wave of liquidations in recent times, dealing a blow to traders who were hoping for the markets to go up again. However, there may be hope in sight, in the form of withdrawals from exchanges.
Since November, over $260 million has been liquidated on the crypto market, as lows weren't seen since then. A majority of the losses were caused by Ethereum (RTH), followed by bitcoin (BTC).
Around $43 million worth of ETH was liquidated by Ethereum traders. LUNA liquidated $2.77 million, followed by Bitcoin with $31 million.
In the vast majority of cases, the liquidations took place on FTX, OKex, and Binance. Nearly 69,000 traders lost their positions during this period.
$43 Million Worth of ETH Liquidated
About $43 million worth of ETH was liquidated by Ethereum traders, worth over 17,600 ETH. After Bitcoin, LUNA liquidated $2.77 million, followed by Bitcoin with $31 million. Most of these liquidations occurred on OKex, FTX, and Binance.
Cryptocurrencies have been hit by a wave of liquidations in recent times, dealing a blow to traders who were hoping for the markets to go up again. However, there may be hope in sight, in the form of withdrawals from exchanges. Since November, over $260 million has been liquidated on the crypto mark...