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" rel="noopener noreferrer nofollow">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" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-19_12-08-39.png" rel="noopener noreferrer nofollow"><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"></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="noopener noreferrer nofollow">$160 Million Long Positions Liquidated in Minutes as Bitcoin Crashes Below $29K</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

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

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