Crypto market liquidations totaled $609 million over the past 24 hours, according to data from Coinglass cited by BlockBeats on Oct. 7. Long positions accounted for the bulk of the losses at $545 million, while short liquidations reached $64.39 million. The data showed that 105,660 traders were liquidated during the period. The largest single liquidation order took place on Binance in the ETHUSDC pair, with a value of $26.6438 million. The figures offer a snapshot of the scale of forced position closures across the market within a single day.
Crypto market liquidations reached $609 million over the past 24 hours, according to Coinglass data cited by BlockBeats on Oct. 7.
Of that total, long positions made up $545 million, while short liquidations came in at $64.39 million. A total of 105,660 traders were liquidated worldwide during the same period.
The largest single liquidation order was recorded on Binance in the ETHUSDC trading pair, with a value of $26.6438 million.
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