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$400 Million in Liqudations as Bitcoin Soared to Weekly High Above $23K

As such, the number of liquidated traders on a daily scale is over 90,000, while the total value of liquidations is $400 million.
As CryptoPotato reported yesterday, the primary cryptocurrency had retraced from last week’s high and stood around $21,000 after briefly dipping below that level.
Bitcoin jumped to $22,000 almost immediately but only kept climbing and tapped a six-day high of over $23,000 hours later.
As such, the total liquidations are up to $400 million on a daily scale.
The number of wrecked traders sits above 90,000, and the single-largest liquidation order involved the ETH-USD trading pair on Huobi, worth more than $2 million.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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