Bitcoin Price Rises 2% Before Easing, $274 Million in Crypto Liquidations Recorded

Crypto markets faced $210 million in liquidations within 24 hours, with short positions accounting for most losses and a major ETH-USDT liquidation reported on HTX.

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Summary

In the past four hours, $69.95 million worth of crypto positions were liquidated, including $9.43 million in longs and $60.52 million in shorts. Over the past 24 hours, 97,019 traders faced a total of $210 million in liquidations. The largest single liquidation involved an ETH-USDT position valued at $1.7057 million on HTX.

Terms & Concepts
  • Liquidations: Liquidations refer to the forced closure of positions, usually when an asset's price moves unfavorably against a trader’s position, often leading to the sale of the asset to cover losses.
  • ETH-USDT: A trading pair representing Ethereum against Tether (a stablecoin), commonly used in crypto markets for margin and futures trading.