Odaily Planet Daily reports that Bitcoin News posted on X, citing CoinGlass data, stating that major cryptocurrencies saw little movement over the past 24 hours, but price fluctuations around the Federal Reserve meeting triggered approximately $286 million in liquidations, affecting over 87,000 traders.
Among these, long positions totaling $186 million were liquidated, and short positions totaling $100 million were liquidated. Bitcoin alone accounted for approximately $57 million in liquidations, with losses on both sides being nearly equal; a price movement of about 2% triggered liquidations for both leveraged longs and shorts. After both sides of leverage were cleared, Bitcoin’s current trading price rose above the level it was at when the Federal Reserve announced it would hold interest rates steady.