Approximately $254 million in crypto futures positions liquidated in the last 24 hours
According to CoinGlass, approximately $254 million worth of cryptocurrency futures positions were liquidated on major crypto futures exchanges as of 0:10 on the 23rd. Long positions accounted for the majority of the liquidation, with approximately $218 million liquidated, while short positions...
According to CoinGlass, approximately $254 million worth of cryptocurrency futures positions were liquidated on major crypto futures exchanges as of 0:10 on the 23rd. Long positions accounted for the majority of the liquidation, with approximately $218 million liquidated, while short positions accounted for $35.39 million. The largest single position liquidation in the last 24 hours occurred on Bybit BTCUSD, where a $5 million position was liquidated in one fell swoop.
At the same time, Bitcoin closed at $39.6K, a level that many crypto analysts had predicted would close the CME gap.
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