Crypto liquidations exceeded $1.2 billion at press time with over 420,000 traders hit by the market-wide crash.

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According to Coinglass’s data , Ethereum $313 million worth of liquidation orders as its price dropped 23% to a low of $1,838 on Wednesday.

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The single largest liquidation order took place on Binance on an ETH/USDT trading pair where the traders lost $17.77 million.

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Bitcoin is the second largest value of liquidations.

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Traders lost $311.9 million on BTC trading pairs across exchanges as the leading digital asset fell to a low of $26,884.

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LUNA saw $132 million in liquidation orders as its price dropped 97% to $0.29 in just 24 hours.

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Large-cap altcoins like SOLANA (SOL) and (XRP) saw $34 million and $26 million worth of liquidations.

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The Benzinga NFT team is doing all the homework so all you really need to do is just sit back and take action.

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CPI April 2022 Stocks Wobble, Treasury Yields Rise

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Crypto liquidations exceeded $1.2 billion at press time with over 420,000 traders hit by the market-wide crash.

Finance News

May 12 2022