Bybt data shows that $2.8 Billion in long positions on the major cryptocurrency exchanges were liquidated due to today sharp crypto market fall.
Bybit a derivative exchange accounted for 36.27% liquidated positions, Huobi (28.01%) followed by Binance (17.72%).
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
Buying the dip ?
150 new coins added.#BitcoinDay #BTC??
— Nayib Bukele ?? (@nayibbukele) September 7, 2021
For just fun, it seems that President Nayib Bukele has become a more professional trader than a politician.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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