Quick Take
- Due to the fallout of SIlvergate Capital and possible further contagion in the bank and financial sector.
- As a result, Bitcoin went below $20k and saw over $320 million of liquidations in crypto, while Bitcoin saw $120 million of liquidations.
- Futures’ long liquidation dominance shows the market was extremely long which shows the number of investors that were caught offside.
The post Over $320M in liquidations in the past 24 hours, as Bitcoin loses $20k support appeared first on CryptoSlate.
