Crypto Market Sees $272.74 Million in Liquidations Over 24 Hours
Coinglass reports a surge in crypto liquidations, with shorts dominating losses and substantial BTC and ETH positions affected amid heightened market volatility.
BTC
ETH
Summary
Coinglass data shows $787 million in cryptocurrency liquidations over the past 24 hours, comprising $69.1 million from long positions and $718 million from short positions. Bitcoin liquidations totaled $221 million, while Ethereum saw $184 million, indicating widespread impact on leveraged traders during a volatile market period.
Terms & Concepts
- Liquidation: The forced closure of a trader's leveraged position due to insufficient margin to cover losses.