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Crypto Market Sees $171 Million in Liquidations Over 24 Hours

CoinAnk reports a balanced mix of long and short liquidations, with Bitcoin and Ethereum leading totals amid ongoing market volatility.

BTC
ETH

Summary

The cryptocurrency market recorded $171 million in liquidations in the past 24 hours, according to CoinAnk. Long positions accounted for $83.82 million, while shorts totaled $87.21 million. Bitcoin led with $34.02 million in liquidations, followed by Ethereum at $25.69 million, reflecting continued volatility across major digital assets.

Terms & Concepts
  • Liquidation: The forced closure of a trading position when a trader's margin falls below maintenance requirements, often in leveraged trading.
  • Long Position: A trade where the investor bets that the price of an asset will rise.
  • Short Position: A trade where the investor bets that the price of an asset will fall.