CoinGlass: Crypto Exchanges Liquidate $873M in Positions Amid Bitcoin’s Decline
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The collapse of Bitcoin and other digital currencies has recently triggered a major liquidation of positions in the futures market.
According to CoinGlass, cryptocurrency exchanges have canceled positions worth up to $873 million in the past 24 hours.
The largest closing was on long-term positions – about $615.12 million.
Binance and FTX topped the rating of trading platforms in terms of the size of canceled contracts with $287.51 million and $196.34 million, respectively.
The total liquidation of Bitcoin and Ethereum positions per day amounted to $280.8 million and $233.32 million. The top five also included contracts in Solana with $56.5 million, FTT with $26.03 million and Dogecoin with $24.12 million.
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