Due to the recent Bitcoin drop below $56,000 around $1.6B worth of longs and shorts have been liquidated on the leading derivatives exchanges:

– $804.1M on Binance;
– $350.8M on Huobi;
– $239.4M on Bybit;
– $95.7M on FTX;
– $74.1M on OKEx;
– $46.6M on BitMEX;
– $13.2M on Deribit;
– $4.7M on Bitfinex.