HomeCrypto NewsAltcoinOver $521 Million Liquidated In Just 24 Hours...

Over $521 Million Liquidated in Just 24 Hours as ETH Hits 14-Month Low

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Hundreds of thousands of crypto traders have their Ethereum positions liquidated as today saw a massive sell-off event.

Data from Coinglass website shows that positions are worth more 521 million dollars deleted in the last 24 hours.

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443 million dollars is betting a long position has been wiped out. Meanwhile, 86 million dollars Short positions were also destroyed in the same time frame.

Coinglass revealed that Ethereum traders saw heavy losses between June 11 and June 6 with 12 ETH worth almost $6 million.

At the time of writing, Ethereum is trading at 1.459 USD, more than 12% off in the last 24 hours. Ethereum has dropped to $1.425 today, ticking the lowest level in 14 months.

Behind ETH is Bitcoin, data from Coinglass shows that Bitcoin traders have lost more than 4.100 BTC worth $112,47 million in the past days.

Coinglass reports that 180.389 crypto traders were liquidated in just 24 hours.

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