Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide This article is 3 years old. The information presented may be outdated.
Bitcoin down 3.5% as perpetual funding rate turns negative; $180M in liquidations in 4 hours
Bitcoin has experienced a sharp 3.5% drop in price as altcoins bleed — resulting liquidations exceed $180 million.
Quick Take
- Bitcoin is down over 3.5% — resulting in over $180 million of liquidations in the past 4 hours in crypto.
- Roughly all the liquidations have occurred from long liquidations — 97.5% in the past 4 hours.
- The perpetual funding rate has turned negative on Binance, while the perpetual open interest for the BTCUSDT pair on Binance also dropped — over 5%.



























