Due to the recent Bitcoin drop below $48,000 around $1.9B worth of longs and shorts have been liquidated on the leading derivatives exchanges:

– $993M on Binance;
– $370M on Huobi;
– $292M on Bybit;
– $111M on OKEx;
– $53M on BitMEX;
– $49M on FTX;
– $23M on Deribit;
– $3M on Bitfinex.

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