BTC, ETH, XRP selloff wipes $1.5 billion from leveraged bets

Nearly 84% of the forced liquidations stemmed from wagers anticipating price increases.

Binance processed almost half of the entire volume involved in these closures.

A recent market rebound has begun to catch those who had bet against the upward trend.

Earlier coverage

• Binance hack, Polymarket exploit tumble Bitcoin, Ether Oct 30
• Binance Hack Sinks Markets, BNB Drops 8%, Bitcoin Nears $77K Oct 29
• Swiss spot Bitcoin ETF gains international access, attracts banks Oct 29