Cryptocurrency exchanges liquidated traders' positions totaling over $410,000,000 in just one day.
What happened?
According to CoinGlass, more than 100,000 trades were forcibly closed on May 25. The largest liquidation was recorded on Okex – almost $3,000,000 paired with Ethereum.
The biggest losses for traders were caused bytransactions with the second largest cryptocurrency by capitalization. In total, transactions worth $68,000,000 were closed in the day before last. Bitcoin takes second place - about $54,000,000. Altcoin Solana, with a large lag, is in third position - less than $3,000,000.
Ethereum cryptocurrency collapsed once againand reached its lowest level since July last year. Its price dropped to $1700. The price of Bitcoin fell to $28,000,000, and the Solana rate, in turn, dropped to $44 (-8%).
Source: CoinGlass, CoinMarketCap
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