$438M in liquidations on crypto markets in 24 hours; long positions hit hardest

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Value investing in crypto is under pressure as $438 million in liquidations hit the crypto markets within 24 hours, with long positions bearing the brunt at $298 million. Ethereum led the way with $138 million in liquidations, followed by Bitcoin at $95.56 million. On-chain trading signals reveal 109,075 traders affected, with the largest single liquidation totaling $6.13 million on Aster’s ETHUSDT pair. Solana recorded $30.13 million in losses.

ChainCatcher report, according to CoinGlass data, the total liquidations in the cryptocurrency market over the past 24 hours reached $438 million, including $298 million in long positions and $140 million in short positions, affecting 109,075 traders. Among these, ETH liquidations amounted to approximately $138 million, BTC to $95.5566 million, SOL to $30.1331 million, XRP to $16.3975 million, ZEC to $10.5138 million, and other assets totaled approximately $139 million in liquidations. The largest single liquidation over the past 24 hours occurred on the ETHUSDT pair at the Aster exchange, valued at $6.1292 million.

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