Tuesday, August 9, 2022
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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The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.


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