According to data from Coinglass, the crypto market saw a total liquidation of $123 million in the last 4 hours, with long orders accounting for 95% of liquidations. Moreover, over the previous 24 hours, 75k traders were liquidated, with total liquidations worth over $225 million. Also, crypto exchange Okex witnessed 98% liquidations, with the largest single liquidation order valued at $3.33 million.
For more details . you can go with( Source) -https://coingape.com/bitcoin-btc-ethereum-eth-losses-cause-carnage-in-futures-trading/?utm_source=jambo&utm_medium=telegram.
These are futures market liquidation and not crypto market liquidation. Please note, actual bitcoin trading ia not done in futures market. These are a dubmbass investment vehicle which allows you to gamble on price variations of an underlying asset. No impact of such liquidations should come to actual crypto market.
It seems whales are also pulling out their bitcoins from the exchanges to reduce the supply in the market so that the falling price gets some support.
