Crypto Market Sees $407M in Liquidations in 24 Hours đą
Over the past 24 hours, the crypto market faced a brutal $411 million in liquidations, with long positions getting crushed at $328 million, while short positions saw $79.92 million wiped out. A whopping 170,972 traders got caught in the chaos, and the single largest liquidation was a $2.64 million hit on Binanceâs ETHUSDT pair. Data comes from Coinglass, as reported by HashNewsHK.
Ouch, thatâs a rough day for crypto traders! Longs took the brunt of it, which suggests a sharp price drop caught a lot of bullish bets off guard. The fact that ETHUSDT on Binance had the biggest single liquidation shows how volatile Ethereumâs been lately. Markets like these are a stark reminder of the risks in leveraged tradingâ170K people learned that the hard way. Always feels like the marketâs teaching a harsh lesson when liquidations spike this high!
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