Over $854M in crypto has been liquidated in the last 24H according to Coinglass.
The series of liquidations on the cryptocurrency market caused by the sell-off tied to the situation around the FTX exchange reflected in a surge of liquidation volume to $854 million.
The most interesting part is the source of most liquidations.
Traditionally, every plunge in the market and surge in liquidations is caused by the price performance of the biggest asset on the market, Bitcoin. However, today, this is not the case.
According to Liquidation Data, the biggest providers of pain on the market today are FTT and ETH.
After CZ's news of "helping out" FTT came out, crypto market immediately went up. Just for it to come down hard.
Stay tuned folks. Bottom might not be in yet!
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