Crypto Liquidations Top $400 Million in 24 Hours as Bitcoin, Ether and Solana Fall
The update says 181,887 traders were affected as Bitcoin fell 3.19%, Ether dropped 3.92%, and Solana declined 5.32% over the past 24 hours.
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Summary
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Terms & Concepts
- Liquidation: The forced closure of a leveraged trading position after losses trigger an exchange’s risk controls.
- Crypto positions: Open market bets on digital assets, which can be long or short and may use leverage.
- Leverage: Borrowed capital used to increase trading exposure, which can amplify both gains and losses.