The cryptocurrency derivatives market has suffered heavy liquidations as altcoins like XRP (XRP) and Dogecoin (DOGE) have plummeted.
Crypto Has Seen Almost $1 Billion In Liquidations During The Past Day
According to data from CoinGlass, the cryptocurrency derivatives sector has been shaken up by a wave of liquidations in the last 24 hours. “Liquidation” here refers to the forceful closure that any open contract undergoes when its losses exceed a certain percentage (as defined by the platform).
Below is a table that breaks down the numbers related to the latest liquidations in the digital assets market:
As displayed, the cryptocurrency sector has seen a whopping $967 million in derivatives contract
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