Ethereum Leads $655 Million Crypto Liquidations in 24 Hours
The cryptocurrency market saw $252 million in liquidations over the past 24 hours, with Ethereum and Bitcoin accounting for the majority of losses.
BTC
ETH
Summary
The crypto market experienced $252 million in liquidations in the past 24 hours, with long positions losing $75.17 million and short positions losing $177 million. Bitcoin saw $51.44 million in liquidations, while Ethereum accounted for $76.96 million in losses.
Terms & Concepts
- Liquidation: The forced closure of a trader's leveraged position when their margin balance falls below the maintenance requirement.
- Long Position: A trading position that profits from price increases; liquidated if the price falls beyond the trader's collateral capacity.
- Short Position: A trading position that profits from price decreases; liquidated if the price rises beyond the trader's collateral capacity.