Cryptocurrency Market Braces for Liquidation Surprise

New information from the cryptocurrency analysis company CoinGlass reveals that a total of 83,912 traders were liquidated within the past day, resulting in a collective loss of $190.97 million. The most significant liquidation case was observed on OKX, involving an ETH/USDT transaction valued at $5.21 million. When a trader is unable to fulfill margin requirements or lacks the necessary funds to sustain an active trade position, the exchange steps in to liquidate the leveraged position, potentially leading to either partial or complete loss of the trader’s initial margin. Stay informed with the latest financial and business updates by visiting COINTURK FINANCE.