According to CoinGlass data, the total amount of liquidations in the cryptocurrency market over the past 24 hours reached $834 million, with long positions liquidated amounting to $578 million and short positions liquidated totaling $256 million. Ethereum (ETH) liquidations reached $322 million, Bitcoin (BTC) liquidations amounted to $241 million, and Solana (SOL) liquidations totaled $65.31 million. A total of 189,555 traders were liquidated in the past 24 hours, with the largest single liquidation occurring on the ETH-USD trading pair on Hyperliquid, valued at $38.81 million.
Global Crypto Liquidations Reach $834M in 24 Hours, Longs Hit Hardest
TechFlowShare
Summary
Value investing in crypto is under pressure as global liquidations reached $834 million within 24 hours, according to TechFlow. Long positions accounted for $578 million of the losses. Ethereum led the liquidations with $322 million, followed by Bitcoin at $241 million, and Solana at $65.31 million. A total of 189,555 traders were liquidated, with the largest single liquidation occurring on Hyperliquid's ETH-USD pair at $38.81 million. Technical analysis remains crucial for short-term positioning in the crypto market.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.