Quantum computing fears liquidate $1.6 billion of crypto trades in a day – What’s next?
Google is advancing in quantum computing developments, which brought fear, uncertainty, and doubt (FUD) to the cryptocurrency investment community. Crypto traders reacted to Willow-related news with a panic selling event that liquidated over $1.6 billion in 24 hours. According to data Finbold retrieved from CoinGlass on December 10, quantum computing fears liquidated over 521,000 traders in a single day. This was one of the highest 24-hour crypto liquidations since 2021, affecting most long-position traders. Notably, $1.41 billion out of the $1.60 billion total was of long positions, representing a massive long squeeze. “Other” altcoins dominated the liquidations, with over $506 million flushed out from these low-cap cryptocurrencies. Picks for you AI predicts MultiversX (EGLD) price for year-end 17 hours ago ...