• bitcoinBitcoin$16,556.74-0.18%
  • ethereumEthereum$1,215.12-0.22%
  • elrond-erd-2MultiversX (Elrond)$43.730.45%

$110 Million in Bitcoin and ETH Liquidated as Both Coins Fall

Liquidations of both Bitcoin and Ethereum futures contracts today represent the reason why Bitcoin fell under $40,000 and Ethereum below $3,000.

Colin Wu, a Chinese crypto journalist has revealed that Coinglass confirmed that a total of $110 million in BTC and ETH trades have been liquidated across crypto exchanges.

In total, $57.25 million have been liquidated in Bitcoin and $38,03 million in Ethereum. Bitcoin fell to $39,821 today, while Ethereum was changing hands below $3,000. They are currently both trying to recover.

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