June 7, 2023

Coinglass: Crypto traders lost $259.6 million per day

Article reading time:
1 min.

Coinglass: Crypto traders lost $259.6 million per day

On the difference in cryptocurrency rates, traders lost about $259.8 million in just a day, according to data from the Coinglass analytical platform.

On the eve of March 22, the price of bitcoin roseto almost $29,000. However, after the announcement of the US Federal Reserve System (FRS) to increase the rate, the cost of the first cryptocurrency fell to $27,000. Most altcoins also fell in price.

In the last 24 hours, 67,615 trader positions have been liquidated, the platform reports:

“The largest liquidation order occurred on Bitmex - XBTUSD for almost $7.39 million.”

It also closed 68,800 orders for $132 million in bitcoin and more than $51 million in ether.

According to Coinglass, OKX has the most positions closed at 37%. Binance is in second place with 26%. Then Bybit - 13.6%.

Member of the U.S. House of RepresentativesCody Harris introduced a bill aimed at protecting the rights of bitcoin owners and miners in the state of Texas. No local resident should be deprived of the right to own and store bitcoins, Harris argues.

On Wednesday evening, the US Securities and Exchange Commission (SEC) warned crypto exchange Coinbase that it could take action against it for selling unregistered securities.