Crypto just saw $104.3M of leveraged positions closed by force in 60 minutes, across 880 coins on the major venues. Almost all of it, $103.2M, came from traders betting on a rise. Shorts lost only $1.1M. The hit came fast, with $97.7M of the total in the last 30 minutes.
Bitcoin longs lost $32.1M and $ETH longs lost $20.5M. The largest single closure was a $5.0M Ether long on Binance at $2,231 at 03:02 UTC, a minute after a $3.0M Bitcoin long went at $75,952 on the same exchange.
$BTC last traded at $75,827, down 1.15% over 24 hours, with a session low of $75,760.
Bitcoin longs lost $32.1M and $ETH longs lost $20.5M. The largest single closure was a $5.0M Ether long on Binance at $2,231 at 03:02 UTC, a minute after a $3.0M Bitcoin long went at $75,952 on the same exchange.
$BTC last traded at $75,827, down 1.15% over 24 hours, with a session low of $75,760.
