The crypto world is "awash in blood"; Monday's plunge was "the largest liquidation of the year."
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On Monday, the cryptocurrency market suffered a sharp sell-off, resulting in the largest leveraged long position liquidation event so far this year.
According to data provider CoinGlass, in the past 24 hours, positions of more than 370,000 traders were liquidated, totaling as much as $1.8 billion. This wave