March 28, 2024

Traders lost $ 700 million amid the rise in the bitcoin rate to $ 21.3 thousand.

The first cryptocurrency has set a new historical maximum price. Due to its fluctuations, the exchanges were liquidatedpositions of almost 57 thousand users. The loss of one of them exceeded $ 10 million.

Over the past 24 hours, traders trading withleverage, lost more than $ 700 million in cryptocurrency, according to bybt.com. This happened due to the sharp rise in the price of bitcoin. For the first time in history, according to coinmarketcap.com, it rose to the current value of $ 21.3 thousand. In this regard, the exchanges liquidated short positions of traders who were playing for a fall.

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In total, over the last 24 hours, trading platforms inmore than 57 thousand users closed their positions forcibly. Most of the liquidations fell on short positions. The share of "shorts" among the total liquidations exceeded 88%. One of the traders lost more than $ 10 million on a failed trade.

The exchange was the leader in terms of liquidationsBinance, its users lost almost $ 300 million amid bitcoin price fluctuations. The second position was taken by the Huobi trading platform with an indicator of $ 162 million. The third place in terms of the amount of closed positions went to Okex - $ 100 million.

There was another massive wave at the end of Novemberliquidations. On that day, the bitcoin rate approached $ 20 thousand, but then fell sharply to $ 16.3 thousand. Against this background, 191 thousand traders lost more than $ 1.9 billion in cryptocurrency.

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