Volatility: $230M in BitMEX Liquidations Hit Bulls and Bears Alike

Volatility: $230M in BitMEX Liquidations Hit Bulls and Bears Alike

Gate Trade News Wednesday, June 3, 2020 36 0

The extreme volatility of the past 24 hours has seen $230 million in both longs and shorts liquidated on BitMEX.

 

The recent volatility in the Bitcoin (BTC) markets has left both bulls and bears facing significant liquidations, with almost $223 million in 24-hour margin calls on leading derivatives exchange BitMEX being evenly spread between BTC shorts and longs.

 

As of when this story was published, a little over $111.5 million, or 50.04% of the total was liquidated in the form of Bitcoin longs, while shorts represented $111.3 million, or 49.96% of liquidated positions, according to Cryptometer.

 

Altcoin liquidations brought the total to $230 million.