Odaily Planet Daily reports, according to Coinglass data, total liquidations across the network have surged to $515 million in the past hour, with long positions liquidated at $459 million and short positions at $50.11 million. Additionally, ETH liquidations reached $170 million, while BTC liquidations amounted to $143 million.
Global crypto liquidations reach $515M in one hour, with ETH liquidations hitting $170M.
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Summary
Value investing in crypto is under pressure as global liquidations hit $515 million in one hour, according to Coinglass. Long positions incurred $459 million in losses, while short liquidations totaled $50.11 million. Ethereum (ETH) liquidations reached $170 million, and Bitcoin (BTC) liquidations amounted to $143 million. Traders are reassessing their risk-to-reward ratios amid sharp market volatility.
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