📉 $400M in Liquidations Daily as Bitcoin Dipped Below $20K

Bitcoin only intensified its recent price drops by slumping to just under $20,000 for the first time in about six weeks. Altcoins suffer too, leading to almost $400 million in liquidations from over-leveraged traders. More than 125,000 traders have been wrecked so far, with the single-largest liquidated position taking place on OKX with the BTC/USDT trading pair – worth $3.5 million.