Binance's settlement with the U.S. Securities and Exchange Commission (SEC) on multiple charges spurred a market decline, with the impact felt most by futures traders betting on further growth.
Data from CoinGlass show, exchanges have liquidated crypto perpetual futures positions worth $227 million in the past 24 hours.
Traders at crypto exchange Binance took on $100 million in liquidations, the most among counterparties, with OKX taking $62 million.
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