Why billion-dollar liquidations are becoming more common in bitcoin
Anyone who trades bitcoin is used to swings capable of eroding a large part of a portfolio in a matter of minutes. But even by cryptocurrency market standards, liquidations are getting larger and more frequent.
Over 12 months, there were 13 occasions when more than US$500 million in bitcoin positions were forcibly closed within a 24-hour period.
$BTC
Anyone who trades bitcoin is used to swings capable of eroding a large part of a portfolio in a matter of minutes. But even by cryptocurrency market standards, liquidations are getting larger and more frequent.
Over 12 months, there were 13 occasions when more than US$500 million in bitcoin positions were forcibly closed within a 24-hour period.
$BTC