Fluctuations in the bitcoin exchange rate have led to multi million dollar liquidation of positions on exchanges

Over the past day, the amount of liquidations on only three exchanges: Bit MAX, Olex and Huobi Global reached $338 million, according to Coin News. On the night of July 2, the bitcoin exchange rate sharply exceeded $10,000, which led to the first mass forced closing of positions. This afternoon, the price of the first cryptocurrency again unexpectedly fell to the level of $9500.

The largest number of liquidations occurred on BitMEX. At night, its clients lost $120 million, after which the day on the exchange, the price of bitcoin fell to $8,600 in two minutes, then returned to the average market value of $9500. As a result, positions were closed for another $96 million.

At the moment, the average market price of bitcoin is $9500. Over the past 24 hours, it has fallen by 0.7%. Other largest by market capitalization of the coins also appeared in the "red zone". Ethereum fell by 1.7% to $234, XRP-by 1.6% to $0.201.