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More than $1 billion in futures were liquidated amid Evergrande tensions and cryptocurrencies prices plummet

More than $1 billion in futures were liquidated amid Evergrande tensions and cryptocurrencies prices plummet



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  1. tldr; A total of $1.2 billion in cryptocurrency futures were settled in the last 24 hours as global markets continue to decline, according to analytics platform Bybt. As a result of the ongoing decline, a wave of settlements was seen on cryptocurrency derivatives trading platforms. Over leveraged positions are automatically liquidated by brokers as traders can no longer meet their margin requirements.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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