SOMI, MYX, and WLFI Outperform Bitcoin in Liquidation Volumes

Recent data shows MYX and WLD each faced over $8 million in liquidations within four hours, while Bitcoin liquidations remained comparatively low at $2.65 million.

BTC
WLD

Summary

In the past four hours, MYX recorded $9.09 million in liquidations and WLD saw $8.53 million, significantly higher than Bitcoin’s $2.65 million. A total of 192,042 traders were liquidated across the market, with an overall liquidation value of $330 million, underscoring heightened volatility beyond Bitcoin.

Terms & Concepts
  • Liquidation: The process of closing out a position in a market, usually triggered by margin calls or stop-loss orders, resulting in the sale of assets to cover losses.