Data shows the cryptocurrency derivatives market has seen a huge amount of liquidations in the past day as Bitcoin has crashed under $58,000.

Data shows a mass amount of short contracts have seen liquidation in crypto derivatives during the past day following Bitcoin’s rally above $66,000

Data shows the cryptocurrency derivative market has observed mass liquidations following the crash of Bitcoin and other assets.

Data shows that cryptocurrency long holders have seen liquidations of $365 million in the past day as Bitcoin’s price has crashed below $66,000.

Data shows that around $533 million in crypto long contracts have been flushed down as Bitcoin crashed below the $63,000 level.

Data shows over $668 million in cryptocurrency long contracts have been squeezed following Bitcoin’s crash under the $68,000 level.