Crypto Liquidations Reach $1.14 Billion with Bitcoin Leading Losses
In the last 24 hours, the cryptocurrency market faced significant liquidations, totaling $1.14 billion affecting 241,696 traders. The primary impact was on long traders of Bitcoin, Ethereum, Solana, and XRP.
Key Liquidation Data
- Bitcoin liquidations reached $444.41 million, with long traders losing $415.73 million.
- The largest liquidation occurred on Binance for the BTCUSDT pair, valued at $201.31 million.
- Ethereum saw total liquidations of $297.66 million, with long traders losing $240.79 million.
- Solana recorded liquidations of $52.73 million, primarily affecting long traders.
- XRP liquidations were $22.77 million, with long traders losing $21.14 million.
- Other cryptocurrencies, such as DOGE, WIF, and AAVE, also experienced trader liquidations.
Bitcoin's price dropped below $105,000, reducing its market capitalization by nearly $170 billion. Currently, Bitcoin is trading at $105,291.77, down 1.56% from the previous day.