Coinglass data showed that total liquidations across the crypto market reached $841 million over the past 24 hours, with short positions accounting for the bulk of the losses. Short liquidations came in at $671 million, while long liquidations totaled $170 million. By asset, Bitcoin recorded $461 million in liquidations and Ether posted $176 million. The figures point to a liquidation wave dominated by traders betting against the market during the period covered by the data.
Coinglass data showed total crypto liquidations reached $841 million over the past 24 hours, with short positions making up the larger share.
Short liquidations totaled $671 million, compared with $170 million for long liquidations. By asset, BTC accounted for $461 million in liquidations, while ETH saw $176 million.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
