Crypto liquidations daily volume approaches $140m

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Between Feb. 13 and Feb. 14, 2024, the quantity of liquidations within the cryptocurrency market approached $140 million.

In keeping with CoinGlass, 45,965 merchants have had their positions liquidated within the final 24 hours. Roughly $91 million in losses got here from lengthy positions and nearly $49 million from quick positions.

Crypto liquidations daily volume approaches $140m - 1
Supply: CoinGlass

Most liquidations occurred on buying and selling pairs with Bitcoin (BTC) and Ethereum (EHT) – $42.06 million and $35.55 million, respectively.

Essentially the most important liquidation of $4.69 million was recorded on the Binance crypto change. The platform additionally led within the quantity of merchants’ closed positions per day at nearly $70 million.

Crypto liquidations daily volume approaches $140m - 2

Fluctuations within the value of Bitcoin through the day occurred towards the backdrop of inflation knowledge in the US. The U.S. Division of Labor reported that the buyer value index (CPI) within the U.S. as of January 2024 in annual phrases is 3.1%, larger than specialists’ expectations of two.9%.

After the discharge of inflation knowledge, the Bitcoin charge confirmed a fall. The worth of the asset dropped to $48,400. When writing, the primary cryptocurrency is buying and selling close to $49,640. Buying and selling volumes additionally dropped by 13% to $33.9 billion.

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Supply: CoinMarketCap

Within the prime 10 most capitalized cryptocurrencies, all cash, besides stablecoins, confirmed unfavorable dynamics inside the final 24 hours.

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