According to @QCPgroup, over $400 million in long positions were liquidated overnight as BTC fell from $118,000 to $115,000 and ETH dropped from $4,500 to $4,300. According to @QCPgroup, the rout extends last week’s 5% BTC drawdown amid more than $1 billion in DeFi liquidations.

According to IntoTheBlock, the recent price volatility in the cryptocurrency markets has led to a surge in liquidations across decentralized finance (DeFi) platforms. This trend underscores the importance of understanding key risks and implementing effective risk management strategies. The webinar hosted by IntoTheBlock aims to equip traders with insights into navigating these volatile conditions by exploring the factors driving liquidations and strategies to mitigate potential losses.