Ethereum

Bitcoin

Million

The past hour has caused a bloodbath within the cryptocurrency industry as most of them took a massive beating.
This saw a whopping $160 million worth of liquidated leveraged long positions in less than sixty minutes, the bulk of which came from ETH traders.
<ul>
<li><a href="https://www.coinglass.com/LiquidationData" data-wpel-link="external" target="_blank">According</a> to data from Coinglass, the total amount of liquidations throughout the past hour alone is $164 million.</li>
<li>Given that 98% of these came from leveraged long positions, only $4 million was from short sellers. The bulls took a beating.</li>
<li>The bulk of the liquidations in the past hour came from ETH positions which account for around $36 million.</li>
<li>Bitcoin remains a close second with about $27.6 million, followed by DOGE and XRP.</li>
</ul>
<figure id="attachment_247081" aria-describedby="caption-attachment-247081" style="width: 3086px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-19_12-08-39.png" data-wpel-link="internal"><img class="size-full wp-image-247081" src="https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-19_12-08-39.png" alt="BTCUSDT_2023-04-19_12-08-39" width="3086" height="858" srcset="https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-19_12-08-39.png 3086w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-19_12-08-39-300x83.png 300w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-19_12-08-39-1024x285.png 1024w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-19_12-08-39-768x214.png 768w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-19_12-08-39-1536x427.png 1536w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-19_12-08-39-2048x569.png 2048w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-19_12-08-39-50x14.png 50w" sizes="(max-width: 3086px) 100vw, 3086px" /></a><figcaption id="caption-attachment-247081" class="wp-caption-text">Source: TradingView</figcaption></figure>
The post <a href="https://cryptopotato.com/160-million-long-positions-liquidated-in-minutes-as-bitcoin-crashes-below-29k/" rel="nofollow">$160 Million Long Positions Liquidated in Minutes as Bitcoin Crashes Below $29K</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

$160 Million Long Positions Liquidated in Minutes as Bitcoin Crashes Below $29K

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