Hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and other crypto assets have been liquidated in the past 24 hours as BTC falls below all-time highs.
New data from market intelligence platform Coinglass reveals that $260 million worth of Bitcoin was liquidated in the past day, the overwhelming majority of which were long positions.
Coinglass also found that $122 million worth of leading smart contract platforms were liquidated during the same period, bringing the total amount of digital assets liquidated in the last day to a staggering $727 million. Did.
Other notable digital assets with at least $10 million worth of liquidations include ETH rival Solana (SOL), popular meme assets Dogecoin (DOGE) and Pepe (PEPE), and the world's largest crypto These include Binance Coin (BNB), which is the exchange platform's native asset. , Worldcoin (WLD) is a privacy-focused eye-scanning project founded by Sam Altman, CEO of OpenAI.
Coinglass data also reveals that most of the liquidations come from four prominent crypto exchange platforms: Binance, OKX, Bybit, and Huobi. Binance and OKX both had $260 million worth of option contracts extinguished, while Bybit and Huobi had $84 million and $56 million, respectively.
At the time of writing, Bitcoin was trading at $68,407, down 5% on the day and 7% from its all-time high of $73,580 hit earlier this week.
The all-time high for the flagship digital asset reached $69,000 in November 2021.
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Featured image: Shutterstock/Ivan Popovych
