$874M got Liquidated in last 24 hours

Hello Guys!!

Bitcoin price has fallen below $36k Trading comes with its own risk nearly $874M got liquidated in 24 hours.

In the past 24 hours , 252k traders were liquidated.

• BTC : $304M
  
• ETH: $254M
  
• SOL: $28M
  
• DOT: $20M
  
• LUNA: $17M
  
• FTM: $11M
  
• XRP: $11M
• ATOM: $10M
  

Most trader got liquidated on Bitcoin followed by ETH and other alt coin.

Most of the liquidation was on long position. In long position trader bet on the price up.
As exchange close the position by selling off the coin the price dips more.

Binance & Okex are two top exchange where liquidation took place followed by Butmex, Bybit, FTX

Drop in Bitcoin prices led to price drop in alt as well.

This dip might cause huge loss to the bulls.

If you are new to the crypto it is best to avoid trading and buy & hodl the coin.

Thankyou

Source: coinglass