CandleFocus
Crypto Liquidations Decreases to $192M As Market Gains Stability
2024-12-02
Author: Content Editor
In the last 24 hours, over $192.16 million worth of tokens have been liquidated from the virtual currency market, according to data from Phoenix Group. This demonstrates the risks associated with trading digital currencies, with BTC, ETH, XRP, DOGE, and SOL being heavily impacted. Binance was the most affected exchange, with $86.75 million worth of assets liquidated. The liquidations have slowed down compared to previous sell-offs, potentially due to traders' increased knowledge and market shifts. The market has also experienced a period of restored stability after geopolitical tensions and macroeconomic events subsided. Decreased leverage and a more favorable regulatory environment following the US presidential elections have contributed to this stability.
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