Hello Guys!!
Bitcoin price has fallen below $21.5k Trading comes with its own risk nearly $600M got liquidated in 24 hours.
In the past 24 hours , 168k traders were liquidated.
- BTC : $223M
- ETH: $162M
- ETC: $25M
- SOL: $14M
- FIL: $12M
- DOGE: $9M
- ADA: $7M
- LINK: $5M
Most trader got liquidated on Bitcoin followed by ETH and other alt coin.
Most of the liquidation was on long position. In long position trader bet on the price up.
As exchange close the position by selling off the coin the price dips more.
Binance & Okex are two top exchange where liquidation took place followed by FTX, Bybit, CoinEx
Drop in Bitcoin prices led to price drop in alt as well.
The largest single liquidation order happened on Binance - ETHUSDT value $4.41M
If you are new to the crypto it is best to avoid trading and buy & hodl the coin.
Thankyou
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