Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
This article is 3 years old. The information presented may be outdated.
Liquidations main reason for crypto sell-off, small amounts of realized losses
Roughly $65M of realized losses in the past few hours, due to CFTC lawsuit with Binance
Quick Take
- CFTC is suing Binace over the alleged breaking of trading and derivatives rules.
- This saw a sell-off in the crypto market, with Bitcoin going down to $26,600.
- However, losses were extended for BNBUSD, which saw a price decline to 307, and its ratio compared to Bitcoin went down to a sixth-month low of 0.011.
- Liquidations were plenty, over $100 million in the past 4 hours for the entire crypto ecosystem, according to Coinglass.
- Roughly $65 million of realized losses in the past few hours is a very small amount when comparing year-to-date.
- This is not a capitulation event compared to previous dates this year, such as Jan 26 and March 7, which saw hundreds of millions of losses.
Market Cap $1.52T
24H Volume $26.94B
