Crypto Market Faces $447.38 Million in Liquidations Over 24 Hours
Coinglass data reports balanced turmoil in crypto markets, with over $132M liquidated from both long and short positions, driven by BTC and ETH losses.
BTC
ETH
Summary
Coinglass recorded $132 million in cryptocurrency liquidations over 24 hours, comprising $71.75 million from long positions and $60.33 million from short positions. Bitcoin liquidations totaled $14.46 million, while Ethereum saw $17.96 million in liquidations. The figures reflect significant volatility affecting major assets and leveraged positions across the market.
Terms & Concepts
- Liquidation: The forced closure of a leveraged trading position when losses exceed the margin, typically due to sharp market movements.