Crypto Market Liquidations Reach $531 Million in 24 Hours
According to Coinglass, recent market activity saw nearly equal liquidations in long and short crypto positions, indicating ongoing volatility in major assets like Bitcoin and Ethereum.
BTC
ETH
Summary
Coinglass data recorded $132 million in cryptocurrency liquidations over the past 24 hours, with $71.75 million from long positions and $60.33 million from shorts. Bitcoin accounted for $14.46 million in liquidations, while Ethereum totaled $17.96 million, reflecting continued volatility across top digital assets.
Terms & Concepts
- Liquidation: The forced closure of a trader's position due to insufficient margin to cover potential losses.
- Long Position: A trading position where the investor profits if the asset’s price rises.
- Short Position: A trading position where the investor profits if the asset’s price falls.