Analysis
About $3.72B of Positions Liquidated Due to BTC Drop Below $47,000
Due to the recent Bitcoin drop below $43,000 around $2.39B worth of longs and shorts have been liquidated on the leading derivatives exchanges:
– $688.3M on Huobi;
– $587.8M on Bybit;
– $399.6M on Binance;
– $287.1M on Deribit;
– $268.5M on OKEx;
– $100.7M on FTX;
– $44.5M on BitMEX;
– $8.64M on Bitfinex.
