Yesterday's cryptocurrency price drop resulted in nearly $200 million in over-leveraged positions being liquidated, with the largest single position being nearly $3 million in the ETH-USDT trading pair.

Yesterday morning started with a slight gain in most assets, including BTC, which neared $60,000 for the first time in days. ETH also performed well, jumping to $2,550.

However, the situation has reversed today, possibly due to fear in the US stock markets, and as a result, Bitcoin has fallen to $55,600. The last time the asset was that low was during the crash in early August.

Ethereum has lost over $200 in a day, from nearly $2,550 to $2,300. It has since recovered slightly and is trading at $2,370, down 5.5% on the day.

The situation with altcoins is even more painful in some cases. For example, TON lost 8% of its value, NEAR fell by 7%, and ADA, SOL, and AVAX dropped by 6%.

As a result, more than 73,000 over-leveraged traders went broke in the last day, according to CoinGlass, with the total value of liquidated positions approaching $200 million.