Odaily Planet Daily reports, according to Coinglass data, that $113 million in total liquidations occurred across the network in the past hour, with $102 million from short positions and $10.86 million from long positions. BTC liquidations reached $76.74 million, and ETH liquidations reached $34.57 million.
Global crypto liquidations reach $113M in one hour, with BTC accounting for $76.74M.
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Summary
Technical analysis for crypto indicates increased volatility as global liquidations reached $113 million in one hour, according to Coinglass. Short positions dominated, accounting for $102 million in liquidations, while long positions saw $10.86 million wiped out. Bitcoin led the losses at $76.74 million, followed by Ethereum at $34.57 million. Value investing in crypto remains a key strategy amid sharp market swings.
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