ChainCatcher report, according to Coinglass data, over the past 24 hours, the total liquidations across the network amounted to $606 million, with long positions liquidated at $481 million and short positions at $125 million. Specifically, Bitcoin longs were liquidated for $189 million, while Bitcoin shorts were liquidated for $41.24 million; Ethereum longs were liquidated for $125 million, and Ethereum shorts for $25.19 million. Additionally, over the past 24 hours, a total of 114,611 individuals worldwide were liquidated, with the largest single liquidation occurring on Bitfinex - tBTCF0:USTF0 at a value of $11.43 million.
Global liquidations reach $606M in 24 hours, with longs dominating at $481M
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Summary
Value investing in crypto remains under pressure as global liquidations hit $606 million in 24 hours, with long positions accounting for $481 million. Bitcoin long liquidations reached $189 million, while Ethereum longs totaled $125 million. Over 114,600 traders were affected, with the largest single liquidation at $114.3 million on Bitfinex. Long-term investing strategies are facing challenges as market volatility continues to rise.
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