@thevisor
Crypto Market Experiences Massive Liquidation of up to US$2 Billion
The crypto market recorded the largest liquidation at the beginning of this year, namely US$2.10 billion or around Rp34.2 trillion in the last 24 hours. This happened when Bitcoin (BTC) fell 9.5% and touched US$91,166, Monday (03/02).
In detail, this liquidation was experienced by more than half a million people or 700,594 traders who held long positions with a total value of US$1.81 billion. Meanwhile, the short position experienced a liquidation of US$288.75 million.
Meanwhile, Ethereum (ETH) experienced the largest liquidation of US$546.59 million. Followed by other assets that experienced liquidation of up to US$426.84 million. And Bitcoin which experienced a liquidation of US$390 million.
This happened when Donald Trump decided to immediately sign an order to impose a 25% tariff on Canada and Mexico, and 10% on imports from China on Sunday (02/01).
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