Crypto Crash: XRP, Ethereum Leads Sell Off As Crypto Market Bleeds

Also Read: US SEC Refuses To Commit Deadline in Coinbase Crypto Clarity Case

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Crypto Liquidation Breaches $162 Mln

Coinglass data depicts that more than 46K traders were liquidated in the last 24 hours, while, the total liquidations recorded stands at around $162.2 million. However, the single largest liquidations order of ETHUSDT valued at $11.57 million was registered on the Binance crypto exchange.

It is important to note that $142.4 million, 87% of the total liquidation over the last 24 hours turned out to be long positions set by the traders. This suggests that the traders were betting on an upward movement in the crypto market. However, Ethereum (ETH) recorded the most of the liquidation (approx worth $60.5 million).

crypto liquidation

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Bitcoin (BTC) price declined by more than 4% in the last 24 hours as the biggest crypto dropped below the crucial $25K level. Bitcoin is trading at an average price of $24,856, at the press time. BTC dominance decreased to stand around 47.57%. Read More Crypto Crash News Here…

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