A Hard Hit for Crypto Traders: Over $100 Million Lost in Hours
In the past four hours, crypto traders have suffered significant losses exceeding $100 million due to liquidated leverage positions. This abrupt market crash wiped out nearly $100 billion in capitalization since opening on April 29. The aftermath has been brutal, with traders facing substantial financial setbacks.
- High-volatility event results in $101.39 million losses in a 4-hour period
- $96.62 million losses from long-position liquidations hit bullish traders hard
- Ethereum (ETH) leads with $28.47 million in collateral sold off, followed by Bitcoin (BTC)
The Extent of Losses
The impact of these liquidations was severe, with long positions accounting for a significant portion of the losses. The scale of the financial hit is staggering and has left many traders reeling from the fallout. These losses have shaken the crypto market to its core.
Hourly Losses Breakdown
- 12-hour timeframe witnesses $204.56 million in losses, dominated by long positions
- 24-hour period sees a total of $273.38 million lost, primarily from long positions
- Almost 100,000 traders affected by the market’s wild swings
An Unfortunate Situation
The widespread impact of these liquidations has sent shockwaves through the crypto trading community. The sheer magnitude of losses experienced within such a short period has left traders with a sobering realization of the market’s volatility.
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