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Benzinga
Benzinga
Business
Shiv Juneja

Celsius Posts 7000+ Bitcoin As Collateral: Here's The Updated Price Of A Complete Liquidation

Celsius Bitcoin Crypto

Over the past 3 days, Celsius (CRYPTO: CEL) has added over 7000 Wrapped Bitcoin (CRYPTO: WBTC) to avoid the risk of mass liquidation.

What Happened: Given the extreme plunge in the crypto market over the past week, major cryptocurrencies, such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and others are down over 70% from their all-time highs. As prices continue to plummet, major crypto firms face the risk of large-sized positions being liquidated.

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