Crypto Liquidations Over $300 Million as Bitcoin, Ethereum Dumps Over 6%
The crypto industry has shed 6.8% of its value within the last 24 hours, with over $300 million positions liquidated in the bloodbath. Bitcoin’s price lost 6.6% of its value during the last 24 hours, trading for as low as $20,042 during this time frame. Over the last seven days, Bitcoin has shed roughly 4%
Long Liquidations Hit $562M in 24 Hours
Yesterday, the market recorded the highest daily number of liquidations since June 13, 2022. Long liquidations reached $562 million in just 24 hours. Most of these losses were in the BTC and ETH markets. However, total long liquidations in other altcoins reached as much as $144 million. The reason is the collapse of Bitcoin’s
Massive Liquidations Push Ethereum Higher as the Nearing Merge Boosts Sentiment
Source: AdobeStock / rukawajungLiquidations of leveraged short positions in Ethereum’s native token ETH surged over the weekend along with a strong move above the key USD 1,300 price level as sentiment in the ETH market improved markedly.Per data from the derivatives tracking site Coinglass, liquidations of leveraged ETH shorts reached USD 179.4m on