$25.51 Million in Crypto Positions Liquidated in One Hour
Crypto market faces significant liquidations, with Bitcoin and Ethereum seeing the largest impacts, according to Coinglass data.
BTC
ETH
Summary
The cryptocurrency market experienced $295 million in liquidations over the past 24 hours, with $157 million in long positions and $138 million in short positions. Bitcoin liquidations totaled $59.35 million, while Ethereum accounted for $71.39 million.
Terms & Concepts
- Liquidation: The forced closure of a trader’s position due to insufficient margin to cover potential losses.
- Long Position: A trading strategy where an investor anticipates that the price of an asset will increase.
- Short Position: A trading strategy where an investor anticipates that the price of an asset will decrease and borrows the asset to sell it with the intention of repurchasing it at a lower price.