Crypto market flash crashes, over $1.2 billion in positions liquidated within 24 hours

ChainCatcher news, according to Golden Ten Data, on Monday, 319,433 positions in the crypto market were liquidated within 24 hours, totaling over $1.2 billions, of which more than $1.1 billions were long liquidations, while short liquidations were only $115.5 millions. Before the large-scale liquidation event, bitcoin and ethereum dropped from $108,000 to $105,000 and from $3,700 to $3,500 respectively within one hour. During the same hour, the total liquidation amount for both assets exceeded $100 millions. U.S. investors may have been the pioneers of this decline, as the bitcoin premium index on one exchange hovered around -$30 during the crash.