Crypto Market Flash Crash: $523M in Liquidations in One Hour

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The crypto market experienced a flash crash on August 22, with $523 million in liquidations within one hour, according to Coinglass. Long positions incurred $448 million in losses, while short positions suffered $74.76 million in losses. Over 286,130 traders were liquidated within 24 hours, totaling $1.8 billion. Market data shows Hyperliquid led with $24.96 million in BTC-USD liquidations. Value investing in crypto remains a key strategy amid volatile market swings.

BlockBeats report, August 22: According to Coinglass data, the crypto market experienced a short-term flash crash, with $523 million in total liquidations across the network in the past hour, including $448 million in long positions and $74.76 million in short positions.


In the last 24 hours, 286,130 people worldwide were liquidated, with a total liquidation amount of $1.801 billion. The largest single liquidation occurred on Hyperliquid - BTC-USD for $24.96 million.

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