Posted 12/11/2023, 3:50:26 AM
Over $340M in Crypto Longs Liquidated in 24 Hours, OKX Sees $164M in Losses as Bitcoin and Ethereum Positions Unwound
- Over $340 million in crypto long positions liquidated in last 24 hours, led by Bitcoin and Ethereum
- OKX platform saw largest single liquidation of $8.23 million Bitcoin position
- Overall OKX liquidations reached $164.62 million, mostly longs
- Binance saw $118 million in liquidations, 81.57% being long positions
- Analysts signaling further Bitcoin price correction, possibly to $39,700 level