The fall of Bitcoin and Ethereum caused a wave of liquidations amounting to $711 million
Over the past 24 hours, the cryptocurrency market experienced a sharp decline of nearly 3%. Specifically, BTC lost over 2% and at the time of writing was trading at $106,158, while ETH dropped more than 5%, falling to $2,644.
This decline led to massive liquidations totaling more than $711 million, including long positions in BTC amounting to $315 million and in ETH to $147 million.
In total, positions of 142,030 traders were liquidated. The largest liquidation order registered on Binance was BTCUSDT for $201.31 million.
