Over $700 million in Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and other digital assets were liquidated in just 24 hours, as Bitcoin's value dipped below its previous all-time high.
Market intelligence platform Coinglass highlighted in a report that $260 million in Bitcoin and $122 million in Ethereum were among the assets liquidated, totaling a massive $727 million loss for traders, predominantly from long positions.
Other significant cryptocurrencies affected include Solana (CRYPTO: SOL), Dogecoin (CRYPTO: DOGE), Pepe (CRYPTO: PEPE), Binance Coin (CRYPTO: BNB) and Worldcoin (CRYPTO: WLD), with each seeing over $10 million in liquidations.
The data indicated that significant ...