$790 Million In Crypto Longs Decimated As Bitcoin Plunges To $93,000

Bitcoin and the altcoins have plummeted during the past day, leading to the liquidation of a large amount of crypto longs in derivatives markets. Crypto Sector Has Seen A Notable Amount Of Liquidations In The Last Day According to data from CoinGlass, the past day’s volatility in the crypto market has been accompanied by a swath of liquidations. The “liquidation” of a contract occurs when it accumulates losses of a certain degree and is forcibly shut down by the exchange. In the digital asset sector, volatility tends to be high, so a large number of liquidations take place on a regular basis source: https://www.newsbtc.com/bitcoin-news/790-million-crypto-longs-bitcoin-plunges-93000/