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Leveraged crypto positions totaling about $800 million were liquidated in 24 hours

CoinDesk reported about 86.0% of the liquidated positions were bullish, with chip-stock contracts on crypto exchanges driving part of the losses.

Reported · Written up by our desk · Market Structure

CoinDesk said roughly $800 million in leveraged positions were wiped out over the prior 24 hours, with 86.0% of the liquidations coming from bullish bets.

The outlet linked part of the damage to chip-stock contracts traded on crypto exchanges as an Asia chip rout pressured the tokenized asset complex.

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