Crypto Market Sees $290 Million in Liquidations Over 24 Hours
In the last 24 hours, 98,877 traders were liquidated across the crypto market, totaling $290 million, with Hyperliquid's BTC-USD witnessing the largest liquidation.
BTC
HYPE
Summary
In the past 24 hours, 98,877 traders were liquidated across the crypto market, amounting to $290 million in losses. Long positions accounted for $155 million, while short positions faced $136 million in liquidations. The largest individual liquidation was valued at $7.41 million on Hyperliquid’s BTC-USD pair.
Terms & Concepts
- Liquidation: The forced closure of a trader’s position when margin requirements cannot be maintained, typically due to sharp price movements.
- Long Position: A bet that an asset’s price will increase; liquidations occur when prices fall sharply.
- Short Position: A bet that an asset’s price will decrease; liquidations occur when prices rise unexpectedly.