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Analysis

About $1B of Positions Gets Liquidated Due to BTC Drop Below $33,000

  • June 8, 2021

Due to the recent Bitcoin drop below $33,000 about $1B in longs and shorts was liquidated from the leading derivatives exchanges:

– $371M on Bybit;
– $275M on Huobi;
– $167M on OKEx;
– $93M on Binance;
– $48M on FTX;
– $39M on BitMEX;
– $7M on Deribit;
– $2M on Bitfinex.


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