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Crypto Market Records $181 Million in Liquidations in 24 Hours

According to CoinAnk, the crypto market saw $181 million in 24-hour liquidations, with long positions slightly exceeding short losses and Bitcoin and Ethereum accounting for the largest asset-specific totals.

BTC
ETH

Summary

The crypto market recorded $181 million in liquidations over the past 24 hours, according to CoinAnk. Long positions accounted for $99.13 million, while short positions made up $81.90 million. By asset, Ethereum led liquidations at $35.98 million, followed by Bitcoin at $33.85 million. The figures indicate a more balanced split between bullish and bearish forced closures than in the prior report, while BTC and ETH remained the main contributors to liquidation activity.

Terms & Concepts
  • Liquidation: A forced closure of a leveraged trading position when losses exceed the collateral supporting it.
  • Long positions: Trades that are positioned to benefit from rising asset prices and can be liquidated if the market moves lower.
  • Bitcoin: The largest cryptocurrency by market value, often abbreviated as BTC and commonly tracked as a key benchmark for the digital asset market.