Crypto Market Faces $966 Million in Liquidations Over 24 Hours
Coinglass reports $375 million in liquidations, with the majority coming from short positions, signaling ongoing market volatility and large-scale trader impacts.
BTC
HYPE
Summary
The crypto market saw $375 million in liquidations over the past 24 hours, with $141 million from long positions and $233 million from short positions. A total of 109,925 traders were affected, with the largest liquidation on Hyperliquid BTC-USD valued at $7.3746 million.
Terms & Concepts
- Liquidation: The forced closure of a trader’s position when they can no longer meet margin requirements, often resulting in significant market losses.
- BTC-USD: A trading pair that represents Bitcoin traded against the U.S. dollar.