The crypto market took a hard hit. Bitcoin dropped below $77,000 — down over 8% in a day. Altcoins followed
As a result, over $1 billion in liquidations in just 24 hours
327,000 traders got rekt, mostly on long positions
Major losses happened on Bybit and Binance
The largest single liquidation was $16.38M in the BTC/UST pair on Bitfinex
And according to the Bybit CEO, that’s just the tip of the iceberg