Bitcoin (BTC) Market Witnesses Biggest Selloff of $121.83M as Digital Assets Market Bloodbath Continues

Today, volatile digital assets saw over $300 million sold off across broader markets. The latest data from Phoenix Group today showed that over the previous day, $359.79 million has been liquidated from 136,335 traders, indicating the magnitude of the panic sell-off.

Over $300 million in digital assets were sold off across broader markets on Monday.

The latest data from Phoenix Group showed that over the previous day, $359.79 million has been liquidated from 136,335 traders, indicating the magnitude of the panic sell-off.

Several major digital assets, including BTC, ETH, and many others became casualties of such liquidations.

LIQUIDATION DATA IN 24 HOURS

TOTAL LIQUIDATIONS: UP TO $359.79M

TOP 5 COINS WITH HIGHEST LIQUIDATION:… pic.twitter.com/I8KiLVnYMH

Top digital assets and liquidations

The Bitcoin market witnessed the biggest selloff of $121.83 million. The Ethereum market experienced the second-largest selloff of $50.98 million during that same period.

The Solana market followed with liquidations totaling $21.28 million. Dogecoin and Trump meme coin were close to one another after their markets recorded liquidations of $12.84 million and $12.59 million respectively.

The XRP and ANIME markets also attracted attention with their liquidations of $9.46 million and $5.86 million respectively. PEPE, RUNE, SUI, AI16z, and PNUT also made it to today’s list after recording significant liquidations over the past 24 hours.

Exchanges liquidation outlook

Binance recorded the largest selloffs of $123.19 million, with short sales amounting to $51.07 million and long sales reaching $72.12 million. OKX followed with massive selloffs of $79.70 million with short sales hitting $40.72 million and long sales settling at $38.38 million.

BYBIT exchange secured the third position as it witnessed total liquidations of $68.55 million, with short liquidations at $24.63 million and long liquidations at $43.92 million.

Gate.io exchange followed with total liquidations of $33.27 million while short liquidations stood at $15.43 million and long liquidations at $17.6 million.

HTX was catapulted into the spotlight after recording selloffs amounting to 25.27 million, with short sales reaching $13 million and long sales settling at $12.27 million.

BITFINEX also gained attention after registering total selloffs of $10.36 million, with short sales settling at $50,000 and long sales reaching $10.31 million. Lastly, BITMEX and COINEX experienced selloffs of $9.12 million and $5.02 million respectively in the past 24 hours.