Over the past year, Bitcoin saw 13 instances of more than $500 million in liquidations in a single day.
According to Bloomberg, 3 of those 13 instances involved more than $1 billion in liquidations in a single day. In the latest sell-off, about $1.3 billion in long positions across the crypto market were liquidated over 24 hours, with Bitcoin positions accounting for most of that amount.
· Industry insiders told Bloomberg that large-scale liquidations have been more frequent over the past 12 months than before, attributing this to high leverage, macroeconomic shocks, and low liquidity before the start of the European trading session.
· These explanations of cause and effect come from industry insiders interviewed by Bloomberg and are not independently verifiable conclusions.
When it comes to large-scale liquidations, which matters more to you: how often they happen or the size of each event?
$BTC
According to Bloomberg, 3 of those 13 instances involved more than $1 billion in liquidations in a single day. In the latest sell-off, about $1.3 billion in long positions across the crypto market were liquidated over 24 hours, with Bitcoin positions accounting for most of that amount.
· Industry insiders told Bloomberg that large-scale liquidations have been more frequent over the past 12 months than before, attributing this to high leverage, macroeconomic shocks, and low liquidity before the start of the European trading session.
· These explanations of cause and effect come from industry insiders interviewed by Bloomberg and are not independently verifiable conclusions.
When it comes to large-scale liquidations, which matters more to you: how often they happen or the size of each event?
$BTC
