AAVE processes $210m in liquidations without accumulating additional bad debt

Decentralized lending protocol Aave has successfully processed $210 million in liquidations without adding to its existing bad debt. Data from Chaos Labs shows that following Monday’s flash crash, which wiped out roughly $2.2 billion in crypto market value, the extreme market volatility led to a sudden spike in liquidations across the protocol. The liquidations summed […]

Bitcoin’s sub-$100k fall triggered $1.4b in liquidations

Crypto markets were under downward pressure on Friday, Dec. 20, driven by Bitcoin’s drop below $100,000, a broad spot price dip, and a funding flush. Cryptocurrency market prices corrected shortly after the U.S. Federal Reserve announced it would slow down rate cuts to address inflation concerns. Following the 25 basis point interest rate reduction, Bitcoin […]

$534 wiped in crypto liquidations despite market consolidation

Cryptocurrency liquidations recorded a massive outbreak while the market consolidated with mixed signals. According to data provided by Coinglass, the total crypto liquidations increased by 43% in the past 24 hours to $534 million. Over $352 million in long positions and $181 million in shorts have been wiped off the market.  Source: Coinglass The total […]