ChainCatcher News, according to Coinglass data, the entire network liquidated $698 million in the past 24 hours, with long positions liquidated $193 million and short positions liquidated $505 million. Among them, Bitcoin long positions liquidated $94.0307 million, Bitcoin short positions liquidated $311 million, Ethereum long positions liquidated $45.854 million, and Ethereum short positions liquidated $99.9317 million.
Global Liquidations Reach $698M in 24 Hours, Short Positions Dominate
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Summary
Value investing in crypto faces pressure as global liquidations hit $698 million in 24 hours, per Coinglass data. Short positions dominated with $505 million, compared to $193 million in long liquidations. Bitcoin short liquidations reached $311 million, while longs totaled $94.03 million. Ethereum longs were liquidated for $45.85 million, and shorts for $99.93 million. A long-term crypto strategy must account for such volatility.
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