Over $339 Million in Crypto Positions Liquidated in One Day

CoinAnk data reveals a total of $339 million in liquidations, with Bitcoin and Ethereum seeing the largest losses, marking a significant day for the leveraged crypto market.

BTC
ETH

Summary

The cryptocurrency market saw $339 million in liquidations over 24 hours, with Bitcoin and Ethereum accounting for significant portions. Bitcoin had $118 million in liquidations, while Ethereum saw $52.95 million. $185 million in long positions and $154 million in short positions were affected, highlighting the market’s volatility.

Terms & Concepts
  • Liquidation: The forced closure of a leveraged trading position when losses exceed a set margin requirement.
  • Long Position: A trade that profits when the asset’s price rises.
  • Short Position: A trade that profits when the asset’s price declines.