The cryptocurrency market witnessed liquidations totaling $267 million over the past 24 hours. According to data from Coinglass, as reported by Chain Kachra, long position liquidations amounted to $180 million, while short positions accounted for $87.3 million. Bitcoin long positions saw liquidations of $60.86 million, with short positions at $29.64 million. Similarly, Ethereum long positions recorded $55.94 million in liquidations, and short positions $30.11 million. During this period, 92,772 traders worldwide had their positions liquidated. The largest single liquidation occurred on the BTC-USD pair at Hyperliquid, nearing $5.31 million. In the crypto market, liquidation means traders fail to maintain their positions, leading to automatic asset sales, typically triggered by sharp bullish or bearish movements. Known for its volatility, the cryptocurrency market frequently experiences sudden price changes and liquidation events. Investors are advised to exercise caution and carefully assess current market conditions to avoid significant losses. Such liquidations reflect market fluctuations and potential risks, which may lead to further price movements in the coming days.
Source: binance
