The past 12 hours have been a mind-boggling one for crypto market bulls as massive liquidations struck the digital currency ecosystem. According to data from Bybt, a total of over 364,00 traders have been liquidated in the past 24 hours with more than $3.41 billion worth of trades liquidated in the past 24 hours. As usual, Bitcoin received the biggest thumping with over 28.37k BTC units liquidated, amounting to a valuation of $1.33 billion.
Altcoins including Ethereum (ETH) and Solana (SOL) were not also spared from the painful bear-fueled liquidation. While the former recorded liquidations worth approximately 257.15K ETH (or $884.96M), a record of 334.32K SOL totaling $57.04 million was also liquidated.
Solana Liquidation Chart Source: Bybt.com
General Price Slump: Solana Standing Strong
The price action on various digital currencies has been on the negative side as the flash crash ushered in a bearish ripple effect into the market. At the time of writing, Bitcoin has retracted back t
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