cryptofamily

The liquidation of altcoins was the largest since 2021 📉

  🔺On December 10, the volume of altcoin liquidations amounted to $1.75 billion, which was the largest value since May 2021. 
  🔺Liquidations in the crypto derivatives market reached a record $12.8 billion.
  🔺Open interest on perpetual contracts for altcoins increased from 3.57% to 4.42%, but then decreased to 3.96%.
  🔺The Ethereum funding rate fell from 0.0229% to 0.0076% - the minimum since November.
  🔺K33 Research analysts note that cascading liquidations resemble the 2021 bullrun patterns.