More than 100,000 traders have lost over $360 million in cryptocurrency markets over the past 24 hours as prices plunge, data from shows CoinGlass.
What happened: Bitcoins BTC/USD The price fell sharply Tuesday – from over $22,618 to around $20,062 – at the time of writing, following US inflation Dates for August rose higher than expected, fueling fears of aggressive rate hikes.
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Unsurprisingly, Apex coin saw the most liquidations, worth $134 million, followed by ether ETH/USDwhich saw $128 million worth of liquidations.
The largest single liquidation order took place on the cryptocurrency exchange OKX on a $2.10 million ETH/USD swap pair.
Traders in long positions were hurt the most, with $273 million in long positions liquidated across all major exchanges. Only $88 million worth of shorts were liquidated on the last day.
like altcoins Ethereum classic ETC/USD, Solana SOL/USD and Terra LUNA/USD recorded daily major liquidations valued at $9.75 million, $7.9 million, and $4.28 million, respectively.
Raven Coin RVN/USD appeared in the list of most liquidated cryptos over 24 hours after the token was renewed a week-long rally of 85%. The coin saw $2.61 million liquidated in the last day.
