Crypto Traders Lost $421 Million In Liquidations For The Past 24 Hours

The crypto market has been bouncing back and forth in the past few days. Over 124,003 traders saw more than $421 million liquidated in a 24-hour period as prices tumbled wildly throughout yesterday and today. The crypto market is falling to new lows not seen since November. With a total loss of $421 million, Bitcoin (BTC) accounted for most of the losses, followed closely by Ethereum (ETH). Related Reading | TA: Ethereum Bears Aim Big After Recent Breakdown Below $2.5K Crypto Traders Liquidations Figure Most of these liquidations occurred on Binance, FTX, and Okex. As a result, Bitcoin traders lost 4,340 BTC worth $144 million, Ethereum traders lost 50,180 ETH worth $121.81 million, and LUNA traders lost 264,350 coins worth $15.99 million. Other major cryptocurrencies showed relatively lower losses. Futures tracking Tron’s TRX saw $8 million in losses, followed by Solana’s SOL at $7.54 million. Dogecoin’s DOGE showed $7.24 million while Stepn’s GMT losses reached $6.93 million. Among other alternative currencies, Ripple (XRP) futures saw a loss of $6.1 million, followed by Appcoin (APE) at $5.95 million. The 12 hours of liquidation figures show the losses of $286 million from all major cryptocurrencies. According to Coinglass data, traders lost 77.5% ($327 million) of the total liquidation amount betting on longs. $129 million liquidations happened on Okex, while traders on FTX lost $107 million. Binance...