CandleFocus Volatility strikes down: $478M whipped from crypto traders in liquidations
2024-11-23
Author: Content Editor
On November 23, the volatility of the crypto market resulted in over $478 million worth of traders' positions being liquidated. Altcoins such as XRP and ADA experienced significant gains followed by sharp corrections. The volatility affected both short-sellers and long-position traders, with a total of 164,700 crypto traders being impacted. The largest single liquidation was a $15.03 million position in BTC/USDT on Binance. The market's volatility is illustrated by the Crypto Total Market Cap Index and the Relative Volatility Index, with extreme movements indicating increased volatility. Bitcoin also experienced volatility and liquidation after Jim Cramer recommended buying BTC. Traders and investors are now waiting for indicators of the market's next move.
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