Over $550 million liquidated as Bitcoin whipsaws back to $110k

Crypto derivatives wiped out more than $551 million in positions over the past 24 hours, according to Coinglass, with nearly 72 percent of the losses hitting long traders. The shake-out forced 162,994 traders out of their positions. The largest single hit was a $9. 53 million BTC-USDT swap order on OKX source: https://cryptoslate.com/insights/over-550-million-liquidated-as-bitcoin-whipsaws-back-to-110k/