Ether Accounted for Most of $483 Million in Bitcoin and Ether Liquidations

Crypto futures positions worth $483 million across Bitcoin and Ether were forcibly closed during a rolling 24-hour period, with Ether accounting for the larger share amid a broad market decline. Ether (ETH) made up $286 million of the total, while Bitcoin (BTC) accounted for $197 million. That gives Ether about 59% of the combined value, or roughly $89 million more in liquidations than Bitcoin. The $483 million figure covers those two assets. Liquidations happen when an exchange closes a leveraged position because a trader’s margin has fallen below the maintenance requirement.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.