#AltcoinBreakout The cryptocurrency market experienced significant liquidations over the past 24 hours, with estimates ranging from $689 million to $1.24 billion. Here's a breakdown of the recent liquidation event¹ ² ³:
- *Liquidation Amounts:* The market saw $927 million in liquidations, with $462 million in long positions and $465 million in short positions being liquidated. Other sources reported $812.7 million in liquidations, with $483 million from short positions and $329.7 million from long positions.
- *Affected Assets:*
- *Bitcoin (BTC):* $146 million to $153 million in liquidations, with a surge to $120,998 and a 2.5% daily gain.
- *Ethereum (ETH):* $135 million to $238 million in liquidations, with a jump to $3,600.
- *XRP:* $102.5 million in liquidations, reaching a new all-time high of $3.65.
- *Trading Platforms:* Binance, Bybit, and OKX were the top three platforms by liquidation volume, with the largest single liquidation worth nearly $51 million occurring on Binance.
- *Market Impact:* The total crypto market capitalization surpassed $4 trillion, approaching Nvidia's valuation.
Over 174,000 traders were liquidated within the 24-hour window.$BTC #ETHBreakout3.5k #BTC#ETH
