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Crypto Market Records $631 Million in 24-Hour Liquidations

Crypto Market Records $631 Million in 24-Hour Liquidations

Long positions led the wipeout at $371 million, while Bitcoin accounted for $196 million in liquidations and Ethereum for $113 million.

BTC
ETH

Fact Check
The statement accurately reflects the specific liquidation data reported by PANews and MEXC News on March 23, 2026, based on CoinAnk analytics. Every figure mentioned—the $631 million total, $371 million in long liquidations, $196 million for Bitcoin, and $113 million for Ethereum—matches the primary source (PANews) exactly.
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Summary

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Terms & Concepts
  • Liquidations: Forced closure of leveraged trading positions when losses breach margin requirements on a crypto exchange.
  • Long positions: Trades that profit if an asset rises in price; they are liquidated when prices move sharply lower.
  • Short positions: Trades that profit if an asset falls in price; they are liquidated when prices rise against the position.