Crypto Market Sees $375 Million in Liquidations in 24 Hours
The cryptocurrency market faced heavy turbulence in the last 24 hours, with total liquidations reaching $375 million, according to data from Coinglass.
Of this amount, long positions made up $281 million, while shorts accounted for $94.26 million, reflecting the sharp volatility across major digital assets.
Ethereum (ETH) traders were hit the hardest, suffering $159 million in liquidations, while Bitcoin (BTC) followed with $66.16 million. The numbers underscore the ongoing risks for leveraged traders, as sudden market swings continue to wipe out positions on both sides.
Analysts note that these liquidation waves are a reminder of the high-risk nature of crypto trading, especially during uncertain market conditions. $ETH