More than 130,000 traders were liquidated, with long positions accounting for $208 million and short positions for $170 million amid gains in Bitcoin, Ether and Solana.
Crypto markets saw more than $380 million in liquidations over the past 24 hours, wiping out more than 130,000 traders as price gains in major tokens triggered losses across leveraged positions. Long liquidations totaled $208 million, compared with $170 million for shorts. Bitcoin traded at $62,881, up 2.69%, while Ether was listed at $1,1658, up 2.46%, and Solana changed hands at $65, up 3%. Liquidations occur when exchanges forcibly close leveraged positions after traders can no longer meet margin requirements, often amplifying short-term volatility during fast market moves.