Over 110,000 Traders Rekt As Crypto Market Sees $120B Shaved Off

The crypto market recently saw a downturn that caused $120 billion to be taken off the total market cap in the space of a day. This obviously had caused panic across the market, triggering sell-offs from investors who were trying to save themselves from more losses. However, more than 110k traders would record hundreds of millions of dollars in losses as the downtrend had caused a cascading liquidation event.
Traders Lose $430 Million
The crypto market has recorded one of the largest liquidation