🔥 $628M Liquidated in 24 Hours – Longs Hit the Hardest
In the last 24 hours, crypto markets witnessed a massive $628.93M in liquidations, with long positions taking a $473.12M hit, far outweighing the $155.81M lost by shorts.
📊 Breakdown:
• 1H: $4.08M total — longs: $2.93M | shorts: $1.14M
• 4H: $22.55M total — longs: $5.27M | shorts: $17.28M
• 12H: $103.41M total — longs: $17.55M | shorts: $85.86M
• 24H: $628.93M total — longs: $473.12M | shorts: $155.81M
The spike in long liquidations suggests bulls were overleveraged, possibly anticipating a reversal that never came.
💬 Do you think more pain is ahead or are we near the bottom?