During the day, from March 16 to March 17, 2024, the volume of liquidations on futures contracts on the crypto-asset market amounted to $618.38 million, according to CoinGlass. This happened against the backdrop of a decline in the Bitcoin rate below $65,000, writes Incrypted.
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According to the platform, 193,414 traders were subject to liquidation. Most of the losses come from long positions.
Read: Ukrainian investors earned $850 million on cryptocurrencies in 2023 – Chainalysis report< /p>
Binance ($195.42 million) and OKX ($186.8 million) have traditionally become the anti-leaders among crypto exchanges. Of the crypto assets, Bitcoin (BTC) dominates, as well as Chainlink (LINK) and other altcoins, including Solana (SOL), Dogecoin (DOGE) and Ripple (XRP).
The jump in the volume of liquidations occurred amid a landslide in the crypto market . Bitcoin is currently below $65,000.
