The amount of liquidations of traders’ positions on centralized crypto exchanges due to fluctuations in cryptocurrency rates per day amounted to $259.8 million. data Coinglass, 68.8 thousand orders worth more than $132 million for Bitcoin and more than $51 million for Ethereum were forcibly closed, writes RBC Crypto.
On the evening of March 22, while the market was waiting for the announcement of the results of the US Federal Reserve System (FRS) meeting, the bitcoin rate rose to almost $29,000. However, after it became known that the FRS raised the rate again, the digital asset fell by $2,000, and its rate collapsed. to $26.9 thousand. Most of the leading altcoins repeated BTC price movements.
Due to the sharp rise and further fall in the value of digital assets, both short and long positions of traders were liquidated. 29% of traders whose orders were forcibly closed expected the market to fall further. 71% of liquidated positions are long.
A large number of positions after Bitcoin and Ethereum were liquidated in Ripple ($9 million) and Litecoin (over $3.7 million). They are followed by Aptos (APT), Conflux (CFX) and Solana (SOL).
Most of the positions were closed on the OKX exchange – 37%, in second place is Binance with a share of 26%, then comes Bybit – this exchange accounted for 13.6% of liquidations. The largest one-time liquidation occurred on the Bitmex platform in the XBT (Xbit) pair against the US dollar and amounted to $7.39 million.
Stay in touch! Subscribe to bitcoinlinux.com at Telegram.
