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via CoinDesk · By CoinDesk Staff
Bullish crypto bets lose $1.6 billion as ETH, SOL, DOGE drop 9%
ETH
ETH/USDT
$1,881.07
+0.02%
$1,881.07
+0.02%
(24s)24h Volume
$1,620,502,960.68
24h H/L
$1,886.58 / $1,877.01
Change: $9.57 (0.51%)
Long/Short
67.0%
Long: 67.0%Short: 33.1%
Funding Rate
+0.0044%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(05:00 AM UTC)
1 min read
The single biggest unwind was a $59.67 million BTC-USDT long on HTX.
Crypto traders hoping the market would catch up to the global stock rally were left nursing tears on Wednesday as a sharp price drop triggered the largest liquidation event since early February.
Roughly $1.84 billion in crypto leveraged positions were liquidated across the past 24 hours as bitcoin BTC$66,347.90 plunged below…
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