Bitcoin falls near $55,000 level as over $1 billion in crypto futures are liquidated

From theblockcrypto.com

The price of bitcoin has fallen near $55,000 level from around $61,000 on Saturday as derivatives positions worth over $1 billion get force liquidated by crypto exchanges. In the last 24 hours, around $1.15 billion worth of open interest was liquidated by crypto exchanges, according to tracker Bybt.com. That means crypto exchanges liquidated traders' overleveraged positions. In the last 24 hours, around $1.15 billion worth of open interest was liquidated by crypto exchanges, according to tracker Bybt.com. That means crypto exchanges liquidated traders' overleveraged positions. More than 190,000 traders were ... (full story)