Traders lost more than $410,000,000 per day amid the collapse of the crypto market

Cryptocurrency exchanges in just one day liquidated the positions of traders for a total amount of over $410,000,000.

What happened?

According to CoinGlass, over 100,000 trades were forcibly closed on May 25. The largest liquidation was recorded on Okex – almost $3 000 000 paired with Ethereum.

Most of the losses for traders were brought by transactions with the second largest capitalization cryptocurrency. In total, deals were closed for $68 the day before last 000 000. The second place is taken by bitcoin – about $54 000 000. Altcoin is far behind in the third position Solana – less than $3,000,000.

Cryptocurrency Ethereum collapsed once again and reached a minimum since July last year. Its price dropped to $1700. Price bitcoin dropped to $28 000 000, and the course Solana in turn dropped to $44 (-8%).

Source: CoinGlass , CoinMarketCap