Over $439 Million in Crypto Positions Liquidated in 24 Hours

Coinglass data reports that 126,077 traders were impacted, with shorts bearing most losses across major trading platforms.

Summary

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Terms & Concepts
  • Liquidation: The forced closure of a trader's position when margin requirements are no longer met, resulting in losses.
  • BTC-USDT pair: A trading pair between Bitcoin and Tether, commonly used in crypto markets to measure BTC's value in stablecoins.
  • HTX: A cryptocurrency exchange platform where traders can buy, sell, and trade digital assets.