Crypto liquidations across the market reached $701 million over the past 24 hours, according to Coinglass, after Bitcoin fell below $83,000. Long positions accounted for the bulk of the losses at $642 million, while short liquidations totaled $59.11 million. The data also showed that 122,473 traders were liquidated during the period. The largest single liquidation order was recorded on Binance in the ETHUSDC pair, with a value of $26.6438 million. The figures point to a sharp round of forced position closures as Bitcoin moved below the $83,000 mark.
Crypto liquidations totaled $701 million over the past 24 hours after Bitcoin fell below $83,000, according to Coinglass data released on Oct. 7.
Of that amount, long liquidations reached $642 million, while short liquidations came in at $59.11 million. A total of 122,473 traders were liquidated worldwide during the period.
The largest single liquidation order was recorded on Binance in the ETHUSDC trading pair, valued at $26.6438 million.
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