BMT Sees $1.98 Million in Liquidations, Following Ethereum and Bitcoin Amid Market Turmoil

In a recent report by COINOTAG, dated March 18th, it has been revealed through Coinglass data that the crypto market experienced significant volatility, resulting in notable liquidation events. Over a span of just four hours, BMT recorded a total liquidation of approximately $1.98 million, while Mubarak reached $1.28 million. These figures place them behind the leading cryptocurrencies, with Ethereum facing $4.97 million in liquidations, followed closely by Bitcoin at $3.4 million.

Among the liquidated amounts, BMT saw a substantial portion attributed to short positions at $1.67 million, complemented by $0.31 million in long positions. In contrast, Mubarak’s short positions accounted for $0.56 million, whereas long positions amounted to $0.71 million. Such liquidations underscore the current market pressure and the risks associated with leveraged trading in the ever-evolving cryptocurrency landscape.