Crypto Market Sees $27.37 Million in Liquidations in the Past Hour, ETH Leading the Losses
Coinglass reports a significant $27.37 million in liquidations over the past hour, with long positions taking the brunt of the losses, particularly in ETH and BTC.
BTC
ETH
Summary
Coinglass data reveals that the crypto market has seen $27.37 million in liquidations over the past hour. Long positions contributed $25.6 million of the total, while short positions saw $1.77 million in liquidations. ETH led with $10.62 million in liquidations, followed by BTC at $5.68 million.
Terms & Concepts
- Liquidation: The forced closure of a trader’s position due to insufficient margin to cover potential losses.
- Long Position: A trading strategy anticipating that the price of an asset will rise, often involving leveraged exposure.