April 20, 2024

Traders lost $ 1.5 billion per day amid the growth of Bitcoin and Ethereum

Over the past 24 hours, positions of over 130 thousand crypto exchange users have been liquidated. One of the loserslost over $ 10 million in one deal.

Amid the Bitcoin and Ethereum updateTraders lost more than $ 1.5 billion of historical highs in value over the past day. Margin positions of 130 thousand were liquidated, the largest loss per transaction occurred on the BitMEX exchange and amounted to $ 10 million, according to bybt.

The largest amount of funds was lost by traders,who traded in pairs with bitcoin - the amount of their losses on forcedly closed transactions exceeded $ 1.2 billion.In pairs with Ethereum, transactions for $ 146.8 million were forcibly closed, with the XRP token - for $ 24 million.

69% of positions liquidated over the past 24 hours were short. The largest number of liquidations occurred on the Binance crypto exchange - almost 43% of the total.

Bulk closing of traders' margin positionshappened as a result of a sharp rise in the value of Bitcoin and Ethereum. On the morning of February 9, the price of the first cryptocurrency for the first time exceeded $ 48 thousand, having risen by 23% over the past day. At the same time, the largest altcoin by capitalization has risen in price by 10%, to a new all-time high of $ 1.8 thousand.

</p></p>