what is a liquidation event? In cryptocurrency history, there have been a number of short liquidation events. The most recent and significant of these was FTX's $936.24 million event. While this event was large, it is not the largest short liquidation event in cryptocurrency history. In fact, it is only the fourth largest. However, it is notable for a number of reasons. First, the size of the event. Second, the fact that it occurred on a major exchanges like FTX.
FTX's $936.24 million short liquidation event: how it compares to other events In the early morning hours of May 12, cryptocurrency exchange FTX saw a sudden and massive outflow of cash that led to the liquidation of $936.24 million worth of bitcoin futures contracts. This event sent shockwaves through the crypto world and left many wondering how it compares to other similar events in history. Here's a look at how FTX's liquidation event stacks up against other notable moments in cryptocurrency history.
The largest liquidation event in cryptocurrency history In cryptocurrency history, there have been a number of large liquidation events. The most recent and largest of these was the $936.24 million event experienced by FTX. This event compares favorably to other similar events in a number of ways. First, the size of the event was much larger than anything else that has been seen before. Second, the speed at which the event occurred was much faster than anything else that has been seen before.
The second largest liquidation event in cryptocurrency history In the early morning hours of May 19, cryptocurrency derivatives exchange FTX saw a massive liquidation event that resulted in over $936 million being wiped from the books. This event caused a great deal of consternation among crypto traders and investors, many of whom were left wondering how this could happen. While this event was certainly large, it's important to put it into perspective by comparing it to other similar events in cryptocurrency history.
The third largest liquidation event in cryptocurrency history
In the early hours of May 12, cryptocurrency exchange FTX saw a sudden drop in the price of Bitcoin. In response to this, FTX initiated a $936.24 million short liquidation event - the largest ever seen in cryptocurrency history. This event compares to other notable events in cryptocurrency history, such as Mt. Gox's $460 million hack in 2014 and Bitfinex's $72 million hack in 2016.
Conclusion In the early hours of May 11, 2021, cryptocurrency derivatives exchange FTX experienced a short liquidation event that saw $936.24 million worth of contracts liquidated. This event was one of the largest single liquidation events in the history of cryptocurrency and has led to much discussion in the crypto community. In this article, we will compare FTX's $936.24 million short liquidation event to other similar events in cryptocurrency history.
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