Saturday, September 18, 2021
Home Crypto News Analysis $2.8 Billion Liquidated From Crypto Market In No Time

$2.8 Billion Liquidated From Crypto Market In No Time

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Bybt data shows that $2.8 Billion in long positions on the major cryptocurrency exchanges were liquidated due to today sharp crypto market fall.

Read: Microstrategy CEO: “If I Had Chosen Gold Instead Of Bitcoin Last Year, It Would Have Been A Multi-Billion Dollar Mistake”


Bybit a derivative exchange accounted for 36.27% liquidated positions, Huobi (28.01%) followed by Binance (17.72%).

crypto liqudations

The largest single liquidation order of $43.7K took place on Huobi.

In the last 24 hours, 329,765 traders saw their long positions erased.

Bitcoin fell to intra day low of $42,800, losing approximately $10,000 in just hours.

The good thing was President Nayib Bukele just announced that El Salvador purchased the dip and added 150 more BTC.

Read: Bitcoin Is Now Official Currency Of El Salvador

For just fun, it seems that President Nayib Bukele has become a more professional trader than a politician.

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Albert Brownhttps://thecryptobasic.com/
Albert Brown has obtained his master's degree in Stock Trading And Investing. His specialty is analyzing the price actions of crypto and stock markets. Albert provides a major role in TheCryptoBasic as a crypto analyst. He is also known for his work on Twinkle Magazine and TipRanks.

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