Crypto traders saw $121 million in liquidations across the market over the past hour, according to data from Coinglass. Short positions accounted for $118 million of that total, far outweighing long liquidations, which came in at $2.5128 million. By asset, Bitcoin posted $88.2297 million in liquidations, the highest figure across the market during the period. The data points to a liquidation wave dominated by short positions within a one-hour window.
Crypto markets recorded $121 million in liquidations over the past hour, according to Coinglass data.
Of the total, short liquidations reached $118 million, while long liquidations were $2.5128 million.
Bitcoin accounted for $88.2297 million in liquidations, the highest across the market in the same period.
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