Bitcoin

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<ul class="news-points">
 <li>Over $479 million liquidated in 24 hours as Bitcoin plunges 9% to $56K.</li>
 <li>The largest single-trader liquidation occurred on the OKX exchange, involving $6 million.</li>
 <li>Despite the massive sell-off, analysts remain optimistic about a bullish comeback.</li>
</ul>
After the overly bearish April, the crypto market is again starting the new month of May on a red note, with crypto traders languishing in staggering capital losses. <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noopener noreferrer nofollow">Data</a> from market tracker Coinglass shows that 141,808 crypto traders faced liquidation over the last day. These traders have lost over $479 million in their investment across various assets.&nbsp;
The most significant single-trader liquidation occurred on the OKX exchange, involving an ETH-USDT-SWAP valued at $6.07 million. This nearly half-billion-dollar fortune wiped out of the crypto scene emerged following Bitcoin’s instability in the last 24 hours.&nbsp;
As of yesterday, Bitcoin traded at a high of $62,121. However, at press time, it had already plummeted by 9% to trade at a low of $56,555. This sudden turn of events has left crypto bulls reeling from significant losses.
In particular, crypt…
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$479M Lost as Over 140K Traders Face Liquidation Nightmare

Coin Edition

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