Crypto Market Sees $75.19 Million in Hourly Liquidations
Coinglass data shows $119 million liquidated in the past 4 hours and $615 million over 24 hours, underscoring high volatility in leveraged crypto trading.
BTC
Summary
Coinglass reported $119 million in cryptocurrency liquidations over the past 4 hours, comprising $75.94 million from long positions and $42.94 million from short positions. Over a 24-hour period, 161,338 traders saw positions worth $615 million liquidated, with the largest single liquidation being $13.97 million on Hyperliquid BTC-USD. These figures highlight ongoing volatility and significant leveraged exposure in the crypto market.
Terms & Concepts
- Liquidation: The forced closure of a leveraged trading position when the trader's margin is insufficient to maintain it.
- Long Position: A trading stance where the investor anticipates an asset's price will rise.
- Short Position: A trading position that profits from the decline in an asset's price.