Cryptocurrency Market Plummets: $750 Million in Liquidations
Massive Liquidation Wave
The market witnessed $750 million in leveraged liquidation transactions within 24 hours, following a rapid decline in the prices of Bitcoin, Ethereum, and XRP.
Details by the Numbers
• $430M Bitcoin Transactions
• $210M Ethereum Transactions
• $65M XRP Transactions
Selling Pressure and Volatility
Data indicates an increase in liquidations from long positions, amid fears of a deeper drop unless momentum is regained soon.
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