Nearly $270 million in collateral across the DeFi landscape is at risk of liquidation should the price of ether fall below $1500.
Crypto traders on centralized exchanges were liquidated to the tune of more than $1 billion amind yesterday’s market volatility.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.In a dramatic 24-hour period, crypto traders experienced liquidations worth over $1.04 billion due to immense volatility in the market, as reported by data from CoinGlass.
Bitcoin’s rollercoaster ride — plunging from $27,600 to $25,600 and rebounding to $26,500 within hours — predominantly affected traders with long positions. Of the total $1.04 billion in positions wiped, $836 million were long positions and $205 million were shorts. OKX recorded the most-significant liquidations during this tumultuous period. A staggering $308 million in long positions were liquidated in the last 24 hours on the major crypto exchange. Binance followed closely, with $189 million in positions held by bulls being wiped out, per
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