Yesterday, traders were liquidated on the market for more than $1.6 billion! But has it ever been worse?
May 19, 2021 - Bitcoin dropped 30% in a day and traders were liquidated for a total of $8.6 billion.
This happened because China banned all crypto exchanges.
Other major liquidations:
◾April 7, 2021: Liquidations totaling $1.7 billion due to Bitcoin's volatility.
◾August 2023: Liquidations totaling $1.08 billion due to instability in global markets.
What's interesting is that the very event of the FTX collapse led to liquidations totaling over $800 million in 24 hours.
Yesterday was one of the largest liquidations in the crypto market in 24 hours...
