A burst of forced selling just hit $BTC . Over the last 30 minutes, $42.2M of leveraged Bitcoin long positions were liquidated across the major venues, meaning exchanges closed bets on a higher price because the margin behind them ran out.
The other side hardly moved. Liquidations on bets against Bitcoin came to $445.1K in the same half hour, so this flush was close to entirely one sided.
These totals come from the raw liquidation streams of the major venues.
The other side hardly moved. Liquidations on bets against Bitcoin came to $445.1K in the same half hour, so this flush was close to entirely one sided.
These totals come from the raw liquidation streams of the major venues.
