Traders lost a billion dollars to Bitcoin’s rise

In the past day were liquidated positions of 102 thousand users of crypto exchanges.The largest loss per transaction was $29.3 million.
Traders lost a billion dollars to Bitcoin’s rise

In 12 hours, against the background of the growth of Bitcoin to $39.8 thousand traders lost $1 billion. This happened due to the fact that traders made transactions in anticipation of a decline in quotations.

The largest loss came on the pair with Bitcoin and amounted to $29 million per transaction. Article f​rom platform cryptodefix. Total daily liquidations in pairs with Bitcoin exceeded $852 million. Ethereum in second place on this indicator — $154 million.

On July 25, the price of perpetual Bitcoin futures on Binance reached $48,000 apiece. This occurred when the cryptocurrency reached $39.8 thousand.

More interesting

Actual

Twitter founder wants to integrate Bitcoin into social network
Elon Musk spoke about the conditions for the return of the sale of Tesla for bitcoins
The EU proposed a ban on anonymous crypto wallets
More…