2 years ago
$400 Million Liquidated Within 24 Hours As Bitcoin Surpasses $23,000
According to data, the crypto market has seen over $400 million in liquidations in the previous 24 hours as Bitcoin breaks above $23,000. A futures contract “liquidates” when losses mount and consume a predetermined portion of the initial margin or collateral (the precise amount depends on the derivatives exchange), forcing the exchange to close the position.
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