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Crypto Sector Records Massive Liquidations, $1 billion Exits Market
The crypto landscape has gone through a huge wave of liquidations over the past twenty-four hours. As per the data from Phoenix Group, a cumulative $1B has left the market over 24 hours. The liquidations have come as a result of fear due to a US attack on Iran’s nuclear sites and the resultant warning by Iran to close the Strait of Hurmuz. The market data reveals that, as $1B has left the market in terms of liquidations, 178,403 crypto traders got liquidated in this respect. In the case of crypto exchanges, Bybit led the others with $310.76M in liquidations. This figure accounts for 6.21% in short positions and ... (full story)
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