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Crypto Market Sees $106 Million in Liquidations Within One Hour

According to Coinglass, $460 million of the losses were long positions, with 148,745 traders affected; Binance’s BTCUSDT saw the largest single liquidation at $9.695 million.

BTC
ETH

Fact Check
Multiple credible crypto news and data sources, including KuCoin and CoinStats, corroborate that over $106 million in crypto contracts were liquidated within a one-hour timeframe recently. While some other provided sources mention a $106 million liquidation, they refer to a different event concerning a single whale and are future-dated, making them unreliable.
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Summary

In the past 24 hours, crypto market liquidations totaled $532 million, according to Coinglass. Ethereum led with $199 million in liquidations, while long positions accounted for $460 million. A total of 148,745 traders were liquidated, with the largest single event on Binance’s BTCUSDT pair at $9.695 million.

Terms & Concepts
  • Liquidation: Forced closure of a leveraged position when margin falls below required levels, commonly triggered during sharp price moves.
  • Long Position: A bet that an asset’s price will rise; vulnerable to liquidation when prices drop.
  • BTCUSDT: The Bitcoin–Tether trading pair used on exchanges such as Binance for margin and derivatives trading.