According to ChainCatcher, data from CoinGlass shows that the total cryptocurrency market liquidations over the past 24 hours reached $100 million, with long positions liquidated at $34.62 million and short positions liquidated at $65.55 million. BTC liquidations amounted to $20.39 million, while ETH liquidations reached $14.89 million. A total of 62,490 individuals were liquidated in the past 24 hours, with the largest single liquidation occurring on the BTC-USD pair on Hyperliquid, valued at $3.89 million.
$100 million in liquidations in 24 hours; short positions hit hardest
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Summary
Value investing in crypto faces a sharp test as the market experienced $100 million in liquidations over 24 hours, according to CoinGlass data. Short positions were hit hardest, with $65.55 million liquidated compared to $34.62 million for longs. BTC liquidations totaled $20.39 million, while ETH reached $14.89 million. Over 62,490 traders were affected, with the largest single loss of $3.89 million occurring on Hyperliquid’s BTC-USD pair. Traders are now closely monitoring key support and resistance levels amid heightened volatility.
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