Crypto liquidations exceeded $1.2 billion at
press time with over 420,000 traders hit by
the market-wide crash.
May 12 2022
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.
The single largest liquidation order took place on Binance on an ETH/USDT trading pair where the traders lost $17.77 million.
Bitcoin is the second largest value of liquidations.
Traders lost $311.9 million on BTC trading pairs across exchanges as the leading digital asset fell to a low of $26,884.
LUNA saw $132 million in liquidation orders as its price dropped 97% to $0.29 in just 24 hours.
Large-cap altcoins like SOLANA (SOL) and (XRP) saw $34 million and $26 million worth of liquidations.
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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