\n<\/p>\n
More than $600 million was liquidated from crypto markets on Friday as\u00a0Bitcoin\u00a0<\/strong>BTC\/USD<\/span>,\u00a0Ethereum\u00a0<\/strong>ETH\/USD<\/span> and\u00a0Dogecoin\u00a0<\/strong>DOGE\/USD<\/span> shed over 10% of their value in a single day.<\/p>\n What Happened:\u00a0<\/strong>Around 132,400 traders were liquidated in the last 24 hours as a result of the negative price action, as per data from\u00a0CoinGlass.<\/a><\/p>\n The single largest liquidation order took place on\u00a0Binance\u00a0<\/strong>on an ETHUSDT pair worth $4.41 million.<\/p>\n Bitcoin\u00a0<\/strong>BTC\/USD<\/span> traders were the worst off with $224 million of liquidations, followed closely by\u00a0Ethereum\u00a0<\/strong>ETH\/USD<\/span> traders who lost $212 million in the last day. In both cases, over 90% of liquidations took place in long positions.\u00a0<\/p>\n Dogecoin\u00a0<\/strong>DOGE\/USD<\/span> also recorded a considerable amount of liquidations on Friday. Long DOGE traders saw over $5 million worth of liquidations, while shorts only saw $1.4. million liquidated over the last 24 hours.<\/p>\n \u00a0<\/strong><\/p>\n \u00a0<\/strong><\/p>\n Friday\u2019s liquidations were the largest seen on-chain since Bitcoin crashed from $30,000 to under $22,500 in June.<\/p>\n
<\/p>\n the market remembered that it\u2019s 2022<\/p>\n
See Also:\u00a0IS BITCOIN A GOOD INVESTMENT?<\/a><\/p>\n Price Action: <\/strong>On Saturday morning, BTC was trading at $21,255, recovering slightly, while\u00a0ETH was trading at $1,628\u00a0and DOGE was trading at $0.070, as per data from\u00a0Benzinga Pro<\/a>.<\/p>\n<\/div>\n
\n\u2014 Shibetoshi Nakamoto (@BillyM2k) August 19, 2022<\/a><\/p><\/blockquote>\n