Bitcoin's leveraged buyers just took a $6.8M hit. Across the major venues, $BTC long positions worth that much were liquidated in the last 30 minutes. That means exchanges closed them by force once the collateral behind them stopped covering the losses.
Traders positioned for a lower price lost just $124.4K over the same window. Nearly every dollar forced out came from the long side.
These figures come from the raw liquidation streams of the major venues.
Traders positioned for a lower price lost just $124.4K over the same window. Nearly every dollar forced out came from the long side.
These figures come from the raw liquidation streams of the major venues.
