$940M Bitcoin 'Longs' Liquidated in 48 Hours

$940M Bitcoin 'Longs' Liquidated in 48 Hours | CoinDesk Videos

Nearly $1 billion worth of bitcoin (BTC) in long positions on crypto exchanges were liquidated as markets fell on FTX contagion fears, according to Coinglass data. Total crypto market capitalization slid to $900 billion from over $1 trillion on Wednesday morning as traders reacted to speculation around prominent exchange FTX's liquidity issues. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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$940M Bitcoin 'Longs' Liquidated in 48 Hours

Nearly $1 billion worth of bitcoin (BTC) in long positions on crypto exchanges were liquidated as markets fell on FTX contagion fears, according to Coinglass data. Total crypto market capitalization slid to $900 billion from over $1 trillion on Wednesday morning as traders reacted to speculation around prominent exchange FTX's liquidity issues. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.