Citing BitcoinWorld, over $553 million in crypto futures liquidation occurred within 24 hours, primarily affecting long positions as major cryptocurrencies like Bitcoin, Ethereum, and Solana experienced significant forced closures. The event was triggered by sudden price drops, broken support levels, and rapid market sentiment shifts, with Bitcoin accounting for $273 million in liquidations, 82.54% of which came from long positions. Ethereum and Solana also saw large liquidation volumes, with long positions dominating in both cases. The liquidation wave highlights the risks of leveraged trading and the impact of market volatility on traders.
Over $553M in Crypto Futures Liquidation Hits Long Positions in 24 Hours
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