Single Bitcoin Trader Loses $200M as Crypto Bulls See $1B Liquidations

Description

Crypto bulls took a heavy beating on Thursday with over $1.15 billion in liquidations wiping out leveraged positions across major exchanges, marking one of the bloodiest days for crypto markets in recent months. The largest single liquidation was a bitcoin BTC long position on Binance, valued at $200 million, making it one of the biggest one-off losses in the year so far. It is unclear which trading firm or individual was behind that position, as exchanges don’t make that data public. Data from ...