80% of the long positions were liquidated in past 24 hours out of $1.7 billion
According to the data of all the major exchanges, total of over $1.7 billion worth of cryptocurrencies positions were liquidated in past 24 hours and out of which almost 80% around $1.35 billion worth of long positions liquidated.
And more than 90% of the long positions were liquidated on major exchanges like Okex and Bitfinex. On Binance and Huobi more than 80% of the long position liquidated in over all liquidation compare to short positions. One of the major reason for recent crypto market crash is considered to be the selling pressure from the big whales and investors on major exchanges like Coinbase etc.
To understand more about the recent crash and technical analysis of bitcoin and ether, you may refer to the recent video update by us in Hindi.