Dogecoin

Long

Reserve

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According to recent&nbsp;<a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer nofollow">data</a> provided by Coinglass, a whopping $207 million of crypto has been liquidated over the past 24 hours. Long positions account for the vast majority of the wipeout ($184.09 million).&nbsp;
Notably, $135.84 million worth of crypto has been liquidated over the past four hours alone.
The OKX comes in first place by the total amount of liquidations ($47.64 million). Binance and Huobi come in second and third places with $43.84 million and $27.19 million, respectively.&nbsp;&nbsp;
Almost 80,000 traders have been liquidated over the past 24 hours, with the largest single liquidation surpassing $3 million on the OKX exchange.&nbsp;
Bitcoin, Ethereum, Solana, and Dogecoin are in the lead by liquidations.&nbsp;&nbsp;&nbsp;
Earlier this Friday, Bitcoin dropped to an intraday low of $65,018, according to CoinGecko data. It is currently trading at $65,448 after paring some gains. The flagship cryptocurrency is now down roughly 5% over the past week.&nbsp;
On Wednesday, the flagship coin came close to reclaiming the $70,000 level after US inflation turned out to be lower than expected in May. However, it reversed course after Federal Reserve Chair&nbsp;<a href="https://u.today/fed-chair-jerome-powell-drops-crucial-statement-that-impacts-crypto-market" rel="noopener noreferrer nofollow">Jerome Powell</a> made somehow hawkish comments during the same day. His comments spooked traders who were hoping for multiple rate cuts this year.&nbsp;
Due to the double-whammy of Bitcoin exchange-traded fund (ETF) outflows and the macroeconomic uncertainty, the largest cryptocurrency kept underperforming and eventually plunged below the pivotal $66,000 support level.&nbsp;

More Than $200 Million Worth of Crypto Liquidated as BTC Plunges to $65K

U_Today

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