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News

A Binance Investor Liquidated At $55.9 Million In Largest Order Of The Day

August 18, 2023 - Around 2 mins mins to read

Key Points:

  • A Binance investor was liquidated at $55.9M in the largest order of the day during a sharp market drop.
  • ETH liquidations reached $308.49M, while BTC liquidation hit $500M on August 18th.
  • Traders have faced sudden and significant losses due to extreme market volatility, with over $1.04B in liquidations in the past 24 hours.
During a sharp market drop, a Binance investor was liquidated at $55.9M in the largest order of the day. In total, ETH liquidations reached $308.49M, with BTC liquidation hitting $500M on August 18th. Traders have been hit hard by the volatility, with over $1.04B in liquidations in the past 24 hours.

During a sharp drop in the market, an investor in Binance’s ETH/BUSD contract was liquidated at $1,434.37 for $55.9211 million, making it the largest liquidation order of the day. According to Wu Blockchain, this could potentially be a market maker who hedges on other exchanges.

At the same time, a Binance BTCUSDT contract with nearly $10 million was also liquidated. CoinGlass reports that the total amount of liquidation of ETH today is $308.49 million, with the aforementioned investor’s liquidation accounting for almost 20% of the total ETH liquidation.

A Binance Investor Liquidated At $55.9 Million In Largest Order Of The Day

As of this writing, BTC liquidation reached $500 million. In the past 24 hours, crypto traders have experienced liquidations worth over $1.04 billion due to market volatility.

During this period, OKX recorded the most significant liquidations, with almost $308 million in long positions liquidated, followed closely by Binance, which saw $189 million in positions held by bulls being wiped out, according to CoinGlass.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Binance

Binance Investor

Binance Liquidation

ETH/BUSD

Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
News

A Binance Investor Liquidated At $55.9 Million In Largest Order Of The Day

Key Points:

  • A Binance investor was liquidated at $55.9M in the largest order of the day during a sharp market drop.
  • ETH liquidations reached $308.49M, while BTC liquidation hit $500M on August 18th.
  • Traders have faced sudden and significant losses due to extreme market volatility, with over $1.04B in liquidations in the past 24 hours.
During a sharp market drop, a Binance investor was liquidated at $55.9M in the largest order of the day. In total, ETH liquidations reached $308.49M, with BTC liquidation hitting $500M on August 18th. Traders have been hit hard by the volatility, with over $1.04B in liquidations in the past 24 hours.

During a sharp drop in the market, an investor in Binance’s ETH/BUSD contract was liquidated at $1,434.37 for $55.9211 million, making it the largest liquidation order of the day. According to Wu Blockchain, this could potentially be a market maker who hedges on other exchanges.

At the same time, a Binance BTCUSDT contract with nearly $10 million was also liquidated. CoinGlass reports that the total amount of liquidation of ETH today is $308.49 million, with the aforementioned investor’s liquidation accounting for almost 20% of the total ETH liquidation.

A Binance Investor Liquidated At $55.9 Million In Largest Order Of The Day

As of this writing, BTC liquidation reached $500 million. In the past 24 hours, crypto traders have experienced liquidations worth over $1.04 billion due to market volatility.

During this period, OKX recorded the most significant liquidations, with almost $308 million in long positions liquidated, followed closely by Binance, which saw $189 million in positions held by bulls being wiped out, according to CoinGlass.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.