Crypto traders lost over half a billion dollars in market crash
In the last 24 hours, nearly 160,000 cryptocurrency traders lost over $500 million to liquidations as the market crashed. The hit came as Iran launched a new and heavier attack with 180 ballistic missiles against Israel on October 1. Notably, 86.5% of these liquidations were from long positions, totaling $466.79 million out of $539.63 million. During the high volatility period, 159,793 crypto traders had their positions liquidated. In particular, a single trader from Binance lost $12.66 million in the Bitcoin (BTC) pair against Tether USD (USDT). Bitcoin alone lost $143.48 million in liquidations during the crash, which sent its price down to $60,170. Picks for you AI predicts Bitcoin price for October 31, 2024 18 mins ago Bitcoin price fa