The Right Place to Buy, Earn, Exchange and Borrow against Your Crypto.

Get Started
92% of all crypto ‘longs’ liquidated yesterday after Bitcoin fell to $43,000 92% of all crypto ‘longs’ liquidated yesterday after Bitcoin fell to $43,000

92% of all crypto ‘longs’ liquidated yesterday after Bitcoin fell to $43,000

The crypto market saw one of its biggest moves in recent times, with over 376,000 trading accounts ‘liquidated.’

92% of all crypto ‘longs’ liquidated yesterday after Bitcoin fell to $43,000

Cover art/illustration via CryptoSlate

Crypto traders took some of their biggest hits in recent times as a sudden purge across the crypto market saw $3.7 billion worth of trading positions liquidated, data from multiple sources showed.

‘Liquidations,’ for the uninitiated, occur when leveraged positions are automatically closed out by exchanges/brokerages as a “safety mechanism.” Futures and margin traders—who borrow capital from exchanges (usually in multiples) to place bigger bets—put up a small collateral amount before placing a trade.

To read the rest of this article, sign in or join CryptoSlate Edge.

Get an Edge on the Crypto Asset Market

As the crypto market is constantly changing, CryptoSlate Edge is a yearly membership oriented to helping you become a more knowledgeable investor and better decision-maker.

Here's what's included in your membership:
Exclusive Articles

Get an analytical edge by accessing members-only articles with insights from our researchers.

Private Discord Community

See new articles first and be able to ask our journalists questions in our private Discord.

View All Projects and Sectors

Discover projects and crypto sectors with our curated data for over 50 verticals.

Improved Data & Analytics

See the real=time price charts, social sentiment and on-chain data in market analysis articles.

Exclusive Video Interviews

Get access to the exclusive recordings of our interviews with founders we use for our articles.

Ad-Free Experience

We hide all advertisements from Edge members for a clean experience.

Pay with Crypto ($228)
BTC · ETH · USDC · DOGE · LTC · DAI · BCH