Liquidations in the crypto market have amounted to more than $ 830 million over the last 24 hours, as Bitcoin has crashed below the $ 18k level.
$ 832 Million In Crypto Futures Was Liquidated During The Past Day
In case anyone is unaware of what a “liquidation” is, it’s best to get a brief understanding of the workings of margin trading first, before diving into the data.
When an investor opens a cryptocurrency futures contract on any derivative exchange, they first have to put forth some collateral, called the “margin.” This amount can be both in USD and in a crypto like Bitcoin.