As per statistics gathered by the cryptocurrency analysis company CoinGlass, a total of 83,912 traders faced liquidation within the past 24 hours, resulting in a combined loss of $190.97 million. The most significant liquidation event occurred on OKX, involving an ETH/USDT transaction worth $5.21 million. Liquidation occurs when a trader is unable to meet margin requirements or lacks sufficient funds to maintain an open position, prompting the exchange to close out the leveraged position and potentially causing partial or complete loss of the trader’s initial margin. Stay updated on the latest financial and business news by visiting COINTURK FINANCE.
