Sept 9, 2024

Over $49 million crypto was liquidated across all networks in just 4 hours. 

Liquidation happens when a trader’s account can’t cover losses, causing forced closure of positions. 

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OKX saw the largest single liquidation of $11.02M in BTC-USDT-SWAP in the last 4 hours. 

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Bitcoin led liquidations with $29.61M, as its price fluctuated between $53,786 and $54,780. 

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Ethereum faced $4.57M, while Solana saw $4.73M in short order liquidations.  

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