Crypto Liquidations Reach $1.2 Billion, Bitcoin Leads Losses
In the last 24 hours, 308,750 traders were liquidated in the crypto market, totaling $1.20 billion in liquidations. This trend raises concerns about investment safety.
Long Traders Heavily Affected
- The largest single liquidation occurred on Hyperliquid with ETH-USD, worth $20.42 million.
- Total crypto liquidations reached $1.2 billion.
- Bitcoin led with $414.55 million in liquidations; long traders suffered the most.
- Short trader liquidations amounted to $82.8 million, while long traders faced $331.2 million in losses.
- Ethereum saw $268.83 million in liquidations: $198.79 million for long traders and $70.04 million for short traders.
