Crypto traders lost $100 million in 4 hours as the market crashed
Crypto traders have lost over $100 million in the last four hours of this writing amid leverage position liquidations. The cryptocurrency market crashed by nearly $100 billion in capitalization since April 29’s opening, triggering these liquidations. Following a high-volatility event, crypto traders registered $101.39 million in losses in a 4-hour time frame. In particular, $96.62 million were from long-position liquidations, drastically punishing the bulls as cryptocurrencies trembled. Finbold retrieved this data from CoinGlass on April 30 at 13:00 UTC. Notably, Ethereum (ETH) led the losses with $28.47 million worth of collateral compulsively sold in exchanges, while Bitcoin (BTC) has slightly less than $20 million in liquidations in the same 4-hour period. Picks for you Promising Ethereum tokens to invest in May 2024 26 mins ago Cardano price prediction after whale activity explodes 44 mins ago Professional trader warns of ‘catastrophic’ market cras...