Traders Lose $678M Amid Crypto Market Crash
Main page Finance, Cryptocurrency
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Nov. 19, 2021

The amount of liquidations of margin positions over the last day has amounted to $678 million, according to data from bybt. Over the last 24 hours, the positions of 172,000 traders have been forcibly closed. The biggest loss per trade occurred on BitMEX on the BTC/USD pair and amounted to $7.2 million.

The massive liquidation of traders' positions coincided with a 6% plunge in the Bitcoin price to a local low of $55,000. The altcoins have also experienced significant losses.

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Over the past 24 hours, traders who have traded Bitcoins have suffered more than other traders: they have lost almost $300 million. In second place are users of crypto exchanges who have traded Ether: they have lost $140 million. The third place is occupied by Solana traders, who lost $30 million.

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