Bullish traders lose over $630 million in 24 hours as cryptocurrencies crash
The cryptocurrency market crashed on January 7, liquidating long position bullish traders by over $630 million in 24 hours. As of today, January 8, cryptocurrencies continue to show weakness, which some investors consider as an opportunity to accumulate more. Precisely, data we gathered from CoinGlass this morning show that $631.52 million were liquidated from long positions. This is a significant domination over the total liquidations in the last 24 hours, summing up to $711.30 million. Overall, 237,701 traders lost their collateral money due to the liquidations, mostly trading “Others” low-cap cryptocurrencies. One single Ethereum (ETH) trader lost $17.41 million alone, betting on the ETH/USDT pair on Binance. Picks for you Robert Kiyosaki reveals why Bitcoin’s crash is ‘Great News’ for investors 3 hours ago...