As Bitcoin, Ethereum Correct, $340M In Long Positions Liquidated: Peter Schiff Says King Crypto ‘Getting A Bigger Beatdown Than The Eagles’
Published by
Benzinga
Benzinga
The cryptocurrency market has witnessed the liquidation of over $340 million longs in the last 24 hours. What Happened: Leading the pack in the liquidation spree, Bitcoin (CRYPTO: BTC) long positions suffered a $94 million wipeout, closely followed by Ethereum’s (CRYPTO: ETH) $80 million longs sell-off. Data from Coinglass shows over 113,594 traders feeling the pinch of market forces. The single most notable incident occurred on the OKX platform, where a Bitcoin-to-USDT perpetual swap position faced a swift exit, amounting to $8.23 million in value, marking the largest individual liquidation. …
