Crypto Market’s Nearly 6% Slide Costs Bulls $1 Billion in a Day
- Crypto traders lost $1.23 billion to forced liquidations over the past 24 hours, nearly double the previous day’s total.
- Bets on higher prices accounted for $1.02 billion of it as the crypto market cap fell 5.75% to $2.33 trillion.
- Long positions made up 82.7% of the crypto liquidations, Coinglass data shows.
