Crypto market liquidations totaled $221 million over the past hour, according to CoinGlass, with short positions accounting for the overwhelming share of the wipeout. The data showed about $217 million in short liquidations, compared with roughly $4.2463 million in long liquidations.
By asset, Bitcoin accounted for the largest portion at about $165 million, while Ethereum followed with around $48.1323 million. The figures point to a sharp one-hour move that hit bearish positions far more heavily than bullish ones.
The numbers were cited by Odaily in a newsflash based on CoinGlass data. No additional market context or cause for the liquidation wave was provided in the source report.
Crypto liquidations across the market reached $221 million in the past hour, according to CoinGlass data cited by Odaily. Of that total, short liquidations came to about $217 million, while long liquidations were დაახლოებით $4.2463 million.
By token, BTC liquidations were about $165 million and ETH liquidations were about $48.1323 million. The source said short liquidations made up the vast majority of the total.
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