Global Crypto Market Cap Falls $130 Billion in 24 Hours
Global crypto markets saw $805M in liquidations in the past day, driven largely by long positions, with Bitcoin and Ethereum leading losses amid ongoing volatility.
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Summary
In the last 24 hours, global crypto futures recorded $805 million in total liquidations affecting 173,757 traders, according to the latest data. Long positions accounted for $667 million and shorts for $139 million. Bitcoin led liquidation totals at $434 million, followed by Ethereum at $165 million. The largest single liquidation was a $21.38 million loss on Hyperliquid’s BTC-USD trading pair. These figures highlight continued market volatility and significant risk exposure across major cryptocurrencies.
Terms & Concepts
- Liquidation: The forced closure of a trading position due to insufficient margin, often resulting in losses for the trader.
- Market Cap: The total value of a cryptocurrency or the entire crypto market, calculated by multiplying the current price by total supply.