CoinAnk Reports $213 Million in Crypto Liquidations – Long Positions Lead Losses

Fresh Coinglass data shows $123 million liquidations in just four hours, highlighting heightened volatility with Bitcoin and Ethereum driving most losses.

BTC
ETH

Summary

The cryptocurrency market experienced $123 million in liquidations over the past four hours, according to Coinglass, with $92.48 million from long positions and $30.28 million from shorts. Bitcoin accounted for $69.51 million of these liquidations, and Ethereum for $26.08 million, reflecting intensified short-term market volatility. This update follows CoinAnk’s earlier report of $213 million in liquidations over 24 hours, demonstrating sustained turbulence in major crypto assets.

Terms & Concepts
  • Liquidation: The forced closing of a trader's position by an exchange when the account's margin falls below the required maintenance level.
  • Long Position: A trading strategy where an investor buys an asset with the expectation that its price will rise.