$2.8 Billion Liquidated From Crypto Market In No Time

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%).

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.