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Crypto market liquidations likely reached B — Bybit CEO
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Crypto market liquidations likely reached $10B — Bybit CEO

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Crypto market liquidations likely reached B — Bybit CEO
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Crypto crashes could wipe out up to $10 billion in leveraged positions, says Bybit CEO

Source: Coin Telegraph

Bybit’s crypto liquidations alone amounted to over $2.1 billion, according to the exchange’s CEO.

The recent crypto market correction may have liquidated up to $10 billion worth of capital, eclipsing previous estimates, according to Bybit’s CEO.

More than $2.24 billion was liquidated from the crypto markets in 24 hours on Feb. 3, according to CoinGlass data.

Crypto liquidation heatmap. Source: CoinGlass

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Author: Zoltan Vardai

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