More than 42K traders were liquidated in what proves the cryptomarket is unpredictable
data from Coinglass, a total of 42,040 traders have been liquidated in the past 24 hours, showing how unpredictable the market is generally.
According to the data, these traders have lost a cumulative valuation of $110.64 million across more than 12 major cryptocurrencies. Ethereum recorded the highest liquidations within this time frame, the second time in about two weeks that the digital currency will beAn approximate total of 19.81 ETH tokens were liquidated at a value of $26.29 million. By contrast, only 924.59 BTC units were liquidated with a monetary value of $15.93 million.
By a very large percentage, Binance recorded the most liquidations over the given time frame, a trend that aligns with the from the world's largest trading platform by volume. Per Coinglass data, a total of 79.36% of short positions were liquidated across the board.The liquidation number was minimal compared to previous events that may be worth hundreds of millions of dollars in value. The minimal liquidation record stems from the mild volatility that is being showcased in the crypto ecosystem across the board.
The combined digital currency market cap is pegged at $850.29 billion atop a marginal loss of 0.23% over the past 24 hours. Of the liquidated coins mentioned above, only Solana is trading at a loss of 2.33% at the moment, lending credence to the idea that there is mild volatility across the board.
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