ICYMI: the market was hit with an unpleasant record of the largest liquidation sequence in Ethereum's history $ETH
and other large-cap coins have faced strong selling pressure that, in the case of Ether, resulted in a rapid drop from $3,200 to $2,500.As Ethereum has lost up to 30% of its previously gained value, the market was hit with an unpleasant record of the largest liquidation sequence in Ethereum's history.
1/ As a major correction sent ETH falling from $3.2k to $2.5k in the past week, on-chain liquidations surged as positions started to hit their liquidation point. Last Friday, money markets on ETH experienced their largest liquidation event to date, amounting to over $200m.
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