Crypto Market Turmoil: $100 Million Losses in Just 4 Hours
Tuesday, 30 April 2024, 13:52
Crypto Traders Financial Losses
Crypto traders have lost over $100 million in the last four hours of this writing amid leverage position liquidations.
Event Analysis
- High-volatility event resulted in $101.39 million losses in 4 hours.
- $96.62 million from long-position liquidations punishing the bulls.
Liquidation Breakdown
- Ethereum (ETH) led losses with $28.47 million in liquidations.
- Bitcoin (BTC) saw nearly $20 million in liquidations.
Over 100,000 traders were affected by the market's turbulence, with the largest single liquidation on Binance worth $5 million.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.