Crypto market clears $1.19 billion in 24 hours, with ETH’s liquidation rate six times that of Bitcoin.

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The crypto market experienced $1.19 billion in liquidations over 24 hours, with Ethereum leading at $356 million. Bitcoin’s liquidations totaled $298 million, but ETH’s liquidation rate was six times higher relative to its market cap. Market trends reveal long positions exceeding $10 billion, as leveraged traders face pressure from rising interest rates, geopolitical tensions, and AI-related concerns. Value investing in crypto remains a key strategy, as Bitcoin briefly rebounded to $82,200 following Trump’s comments on Iran, triggering a $25 million short squeeze.

Odaily Planet Daily report: Over the past 24 hours, the total liquidation amount in the crypto market reached $1.19 billion, with long positions accounting for over $1 billion in liquidations. ETH liquidations amounted to approximately $356 million, higher than Bitcoin’s $298 million; by market cap proportion, ETH’s liquidation rate was about six times that of Bitcoin. Pressure on leveraged markets stems from concerns over interest rates, geopolitical tensions, and warnings related to AI.

Bitcoin rebounded to approximately $82,200 after Donald Trump ruled out the possibility of an attack on Iran before the midterm elections, followed by about $25 million in liquidations over the next four hours, mostly from short positions. (CoinDesk)

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