CryptoWallCity vs MEXC Exchange

Over $521 Million Liquidated in Just 24 Hours as ETH Hits 14-Month Low

Hundreds of thousands of crypto traders have their ETH positions liquidated as today saw a massive sell-off event.

Data from the Coinglass website shows that more than $521 million worth of positions have been wiped out in the last 24 hours.

$443 million in long bets has been wiped out. Meanwhile, $86 million of short positions were also destroyed in the same time frame.

Coinglass revealed that Ethereum traders saw heavy losses between June 11 and June 12 with 168,000 ETH worth almost $245 million.

At the time of writing, Ethereum is trading at $1,459, down more than 12% in the past 24 hours. Ethereum fell to $1,425 today, marking a 14-month low.

Behind ETH is Bitcoin, data from Coinglass shows that Bitcoin traders have lost more than 4,100 BTC worth $112.47 million in the past days.

Coinglass reports that 180,389 crypto traders were liquidated in just 24 hours.

Comments (No)

Leave a Reply