Bitcoin, Ethereum Futures Traders Hit by $320M in Liquidations Overnight
Bitcoin and Ethereum futures traders experienced significant losses as prices dropped below support levels, with Bitcoin seeing one of the largest two-day price drops since mid-June. This decline in Bitcoin caused other major cryptocurrencies like Ethereum, XRP, and Solana to also fall. Liquidations on futures contracts for major tokens reached over $320 million in losses this week. Traders who bet on higher prices accounted for 90% of the total liquidations.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin, Ethereum Futures Traders Hit by $320M in Liquidations Overnight
Bitcoin and Ethereum futures traders experienced significant losses as prices dropped below support levels, with Bitcoin seeing one of the largest two-day price drops since mid-June. This decline in Bitcoin caused other major cryptocurrencies like Ethereum, XRP, and Solana to also fall. Liquidations on futures contracts for major tokens reached over $320 million in losses this week. Traders who bet on higher prices accounted for 90% of the total liquidations.