Nearly 400,000 traders lost $1.2 billion after Bitcoin dropped below $27,000

Nearly 400,000 traders lost $1.2 billion after Bitcoin dropped below $27,000


Cryptopolitan
2022-05-12 12:23:38

The value of cryptocurrencies lost in the past 24 hours as a result of liquidation skyrocketed to more than $1.2 billion, following the extending downtrend in Bitcoin and the cryptocurrency market in general.  Crypto traders lost $1.2B in liquidation Traders are liquidated when over-leveraged and cannot meet margin call requirements due to insufficient balance. Data...