Bitcoin post-Christmas dip under $43k triggers marketwide liquidation of $170M
Summary
The crypto market saw $170 million in liquidations after Christmas, with Bitcoin declining 1.18% to $42,639 and Ethereum and other major cryptocurrencies also experiencing losses. Long position holders lost $92.16 million, while bearish traders were liquidated for $76 million. Binance users accounted for over 40% of the total losses, with $72.25 million, followed by OKX with $51.65 million. Bybit traders were liquidated for $22.92 million, and Huobi users incurred a total loss of $17.51 million.
