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Benzinga
Benzinga
Business
Shiv Juneja

Celsius, 3AC And USDT Are Among The Biggest Crypto Liquidations This Week

Celsius 3AC Crypto Bitcoin

Major cryptocurrency players, including Celsius (CRYPTO: CEL), 3AC, and Tether (CRYPTO: USDT), have experienced major liquidations.

What Happened: Given the sharp fall in cryptocurrency prices, lending firm Celsius posted a total of 7,206 WBTC (CRYPTO: WBTC) as collateral to reduce its liquidation price to $16,582. Celsius’ complete position being sold would lead to over $500 billion worth of Bitcoin being sold off in the open market.

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