Odaily Planet Daily reports, according to Coinglass data, the total liquidations across the network over the past hour amounted to $225 million, with long positions liquidated for $206 million and short positions liquidated for $19.02 million. Additionally, ETH liquidations reached $77.97 million, and BTC liquidations reached $75.13 million.
Global crypto liquidations reach $225M in one hour, with long positions dominating.
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Summary
Value investing in crypto continues to face pressure as global liquidations reached $225 million in one hour, according to Coinglass. Long positions accounted for $206 million in liquidations, compared to $19.02 million in short liquidations. Ethereum suffered $77.97 million in losses, while Bitcoin lost $75.13 million. A long-term crypto strategy is encountering challenges amid sharp market volatility.
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