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$500M liquidated from the crypto market in the past 24 hours

• 1270018080 4y ago
  So, how can they know the crypto is getting liquidated into fiat currencies?
  • 0des 4y ago
    Excuse me but I'm trying to confirm some self reinforcing biases here; if you don't mind pausing the critical thought for a moment that'd help me a lot.
  • searealist 4y ago
    Because it would be reflected in the price of the crypto-currency it fled to. What crypto-currency is up in the last 24 hours?
    • deleted 4y ago
      [deleted]
    • tatertots1234 4y ago
      Users can migrate to USDC and other stablecoins rather than only fiat.
      • searealist 4y ago
        same thing
        • tatertots1234 4y ago
          Not really. “Everybody is exiting crypto for another type of crypto” wouldn’t be much of a headline.
          • searealist 4y ago
            USDC is a essentially fiat.
  • junofan 4y ago
    It’s coinglass 24hr rekt. https://www.coinglass.com/LiquidationData https://www.coinglass.com/LiquidationData These are leveraged positions getting liquidated, not spot trades for fiat.