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AsSam Bankman-Fried’s FTX witnesses intensive selloff in its native token,FTTFTT/USD,BitcoinBTC/USD,EthereumETH/USD, andDogecoinDOGE/USD saw $17.37 million in liquidations, or 45% of the total market liquidation, in the past hour.
What Happened: According toCoinGlass, BTC accounted for over $7.45 million of all liquidations, followed by ETH at $8.69 million and DOGE at nearly $1.23 million in the last hour.
FTT is currently experiencing $2.43 million worth of liquidations.
This comes as cryptocurrency prices plummeted amid reports of FTX bankruptcy. Changpeng Zhao, the founder and CEO of BinanceBUSD/USD, the world’s largest cryptocurrency exchange, announced that his trading platform is about to liquidate its entire FTT holdings.
See More:FTX Token (FTT) On-Chain Trading Signals
FTX recorded over $18.51 million worth of liquidations $11.76 million longs (traders betting on higher prices) and $6.75 million shorts (traders betting on low prices). Binance topped the table for market liquidation accounting for $24.30 million in liquidations.
Price Action:In the past hour, Bitcoin declined 2.22%, falling below the key $20,000 level.Ethereumdropped 2.03% to $1,461.75. Dogecoin was down 0.70%, falling below the $1 mark, according to data from Benzinga Pro.
Read Next:FTX Token (FTT) Plunges 19% In 1 Hour Amid Binance’s Plan To Liquidate Entire FTX Native Token Holdings
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Sources 2/ https://news.google.com/__i/rss/rd/articles/CBMifmh0dHBzOi8vd3d3LmJlbnppbmdhLmNvbS9tYXJrZXRzL2NyeXB0b2N1cnJlbmN5LzIyLzExLzI5NjA3MjE0L2JpdGNvaW4tZXRoZXJldW0tZG9nZWNvaW4tc2VlLWxhcmdlLWxpcXVpZGF0aW9ucy1hbWlkLWZ0eC1zY2FyZdIBAA?oc=5 The mention sources can contact us to remove/changing this article |
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