Traders lost more than $410 million per day due to the collapse of the crypto market
Cryptocurrency exchanges liquidated traders’ positions totaling more than $410,000,000 in just one day.
According to CoinGlass, more than 100,000 deals were forcibly closed on May 25. The largest liquidation was recorded at Okex – almost $3,000,000 paired with Ethereum.
The biggest losses for traders were caused by transactions with the second largest cryptocurrency. A total of $68,000,000 worth of transactions were closed the day before yesterday. Bitcoin is in second place with about $54,000,000. Solana altcoin, less than $3,000,000, is in third place.
The cryptocurrency Ethereum collapsed again and reached its lowest level since July last year. Its cost dropped to $1,700. The price of Bitcoin fell to $28,000,000, and the Solana exchange rate, in turn, fell to $44 (-8%).
