Market Cap: $2,690,561,703,467
24h Vol: $90,429,152,435
Cryptocurrencies: 30358
Markets: 109486
Cryptocurrencies: 30358
Markets: 109486
Market Cap: $2,690,561,703,467     
24h Vol: $90,429,152,435
Cryptela — Cryptocurrency News and Market Intelligence
cryptonews 2021-02-15 14:26:04

USD 1.9B Liquidated As Overexuberant Crypto Traders Get Overleveraged

USD 1.9B Liquidated As Overexuberant Crypto Traders Get Overleveraged
Around USD 1.9bn in 281,000 trading positions have been liquidated in a day as the market corrected sharply, per bybt.com data. Around 90% of the liquidations were of long positions, suggesting that overly optimistic traders were using margin trading to open large positions in the hope of bitcoin (BTC) hitting USD 50,000 (and beyond).The liquidations are largely responsible
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