CandleFocus BTC and ETH Dominate the Top Liquidations List with Over $55M and More
2024-11-03
Author: Content Editor
In the past 24 hours, there have been over 68,000 liquidations on cryptocurrency markets, with Bitcoin and Ethereum being the most impacted assets. The total value of liquidations reached staggering amounts, with Bitcoin comprising the highest value at $55.33 million and Ethereum at $30.82 million. The high level of liquidation on Binance, the largest cryptocurrency exchange, is due to its popularity among leveraged traders. Other cryptocurrencies such as Solana, Dogecoin, SUI, and Rare also faced significant liquidations. The highest single liquidation occurred on OKX, highlighting the dangers of leveraging large positions during volatile markets. These events emphasize the speculative nature of the crypto markets and serve as a reminder to be cautious when trading high-leverage assets.
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