Crypto Liquidations Exceed $325 Million in 24 Hours
Digital asset liquidations exceeded $325 million in 24 hours, impacting over 97,654 traders.
Key statistics include:
- Total liquidations: $333.59 million
- Largest single liquidation on Binance: $8.87 million
- Bitcoin liquidations: $125.6 million (shorts: $112.14 million)
- Ethereum liquidations: $121.4 million (shorts: over $102 million)
- Solana liquidations: $12.30 million (shorts: $8.32 million)
Short traders were predominantly affected, indicating a potential recovery in the crypto market. Recent altcoin performance, particularly in Solana, has contributed to this trend. For instance, SOL prices soared from $128.34 to a peak of $145, with expectations of reaching $161 mid-term.
Other notable altcoins involved in the bullish trend include Cardano, Dogecoin, and XRP.
Liquidation heatmap. Source: coinglass.com