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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
$2,477.39
+1.11%
$2,477.39
+1.11%
(24s)24h Volume
$4,211,543,616.33
24h H/L
$2,485.34 / $2,444.47
Change: $40.87 (1.67%)
Long/Short
60.4%
Long: 60.4%Short: 39.6%
Funding Rate
+0.0020%
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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