Over $300 million in liquidations were caused by the increased price volatility in the whole crypto market. One of the largest price increases in Bitcoin history was its 15% surge.
After the “special military operation” by Russian President Vladimir Putin against the west, financial markets were disrupted for several days. Bitcoin was unable to recover from the lows of $5,000 and $34,000 on Monday. BTC then experienced a consolidation period, with the asset hovering around $38,000 for a few more days. Yesterday’s situation was different. BTC surged above $34,000 and then remained at that level for a few days. Coinglass data shows that more than 60,000 traders lost their lives in the last day. The total liquidations amount to over $300 million.
BTCUSD. Source: TradingView
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