The number of total liquidations on a daily scale is close to $400 million, with ETH taking the majority of the share.
Ethereum is among the most substantial loser on a daily scale, as the asset plummeted to its lowest position in over a year. Naturally, this has caused mass pain for some traders, as the ETH liquidated positions are over $200 million on a 24-hour scale.
After the relatively positive trading week, bitcoin and the rest of the market headed south hard yesterday, perhaps fueled by the record-setting US inflation numbers .Solana, Avalanche, Polkadot, and MATIC have lost close to 10% in a day. Dogecoin, Shiba Inu, Ripple, and Cardano are also deep in the red. The total market cap is down by over $80 billion in a day to $1.150 trillion.below $1,600 to its lowest price tag since March 2021.
Somewhat expectedly, the liquidations in regards to ETH skyrocketed. On a 24-hour scale, they have soared to around $230 million.are close to $400 million, meaning that those related to ETH positions account for more than half of all.Cryptocurrency Market Overview. Source: Quantify Crypto
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