The largest forced closure on Bitcoin in the 24 hours to Oct 17 hit a trader betting on a fall: a short liquidation of $6.2M on Binance. It came on a down day, with $BTC finishing the window -0.77% at $81,562.
That one closure sat among 1,840 recorded prints of $1K or more on our collectors, each a leveraged position an exchange shut after its margin ran out.
The liquidation heatmap behind the candles is an estimate of where leveraged positions cluster. The prints on the candles are recorded closures.
That one closure sat among 1,840 recorded prints of $1K or more on our collectors, each a leveraged position an exchange shut after its margin ran out.
The liquidation heatmap behind the candles is an estimate of where leveraged positions cluster. The prints on the candles are recorded closures.