Bitcoin's drop to $62,250 on Monday morning caused deep losses in the cryptocurrency world. While the long position value liquidated in the last 24 hours exceeded 155 million dollars, this figure was 50 million dollars for Bitcoin positions and 28 million dollars for Ether positions.
The increase in tension in both the Russia-Ukraine and Israel-Lebanon regions and the rumors that the government would intervene in the melting of the Japanese yen against the dollar in the Far East further exacerbated the decline in risky assets.
While the total liquidation in future positions in cryptocurrencies in the last 24 hours reached 165 million dollars, 155 million dollars of this was long positions and 10 million dollars was short positions.
While a $50 million position in Bitcoin was liquidated, $47 million of it was from long positions.
While 70 million dollars of positions were liquidated in Binance, 48 million dollars in OKX and 14.2 million dollars in Bybit exchange, the situation was not good in altcoins either. In Ether, where there was a liquidation of approximately $30 million (last 24 hours), $28.5 million of the positions were long and $800 thousand were short.
Of the $10.8 million liquidation in Solana positions, $10.5 million was long positions and only $300 thousand was short positions.
As it is known, liquidation of positions in leveraged and futures transactions occurs if the investor's collateral is not sufficient.
-Hakan Ateşler
