In the last 24 hours, the crypto market experienced significant losses, with over $805 million liquidated, affecting many traders, particularly holders of Bitcoin and Ethereum.
Liquidation Volume in the Market
In the past day, $805 million was liquidated from the crypto market, with over 188,000 trades executed. Bitcoin was the hardest-hit asset, with $280 million liquidated, while Ethereum saw liquidation levels of $157 million.
Impact on Traders and the Market
These liquidations had a substantial effect on both retail and institutional traders, though no significant institutional fund blow-ups were reported. The liquidation involved $687 million in long positions and $117 million in short positions.
Outlook and Consequences
Experts warn of continued market volatility, but no new regulatory measures have been announced as of yet. There have been no public comments from industry figures. Arthur Hayes, co-founder of BitMEX, noted: "Extreme volatility equals opportunity, but leverage is a gun with no safety."
Thus, the events of the last 24 hours highlight the volatility of the crypto market and its impact on various traders. Changes and reactions from regulators may be anticipated in the coming days.
