$1.54 billion in crypto liquidations: the next step for leveraged traders

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Within 24 hours the crypto market lost leveraged positions worth more than $1.54 billion, spread across 237,314 accounts. What triggered the drop and which rules in Germany cap the loss.Add as a preferred source on GoogleFollow on Google NewsThe crypto market has lost leveraged positions worth $1.54 billion in the space of 24 hours. The losses hit 237,314 trading accounts, and $1.29 billion of them sat on the buy side. Trading with leverage therefore requires two numbers: your own liquidation price and the collateral the account can still carry. A liquidation is not a price move that can be made back. The process ends the position and uses up the collateral posted against it. That is what separates leveraged trading from a holding in your own wallet, which simply sits through a drop. This article places the day's numbers and shows which rules in Germany are on your side and which are not. Liquidations in 24 hours: $1.54 billion across 237,314 accounts The analysis by the data se...