$5.64 billion liquidated in 24 hours as Bitcoin extends losses — Is a relief rally near?
A staggering $5.64 billion worth of futures positions was liquidated in the last 24 hours as the price of Bitcoin dropped 17%. The price of Bitcoin (BTC) plummeted by more than 17% in the last 24 hours as the futures market saw mass liquidations across the board. Liquidations occur when leveraged futures positions fall to a certain threshold.
Coin Telegraph - 23rd Feb 11:02