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.
Buying the dip 😉
— Nayib Bukele 🇸🇻 (@nayibbukele) September 7, 2021
For just fun, it seems that President Nayib Bukele has become a more professional trader than a politician.