Crypto Long Liquidations Approach $600 Million Amid Market Volatility

Over the past 24 hours, Bitcoin, Ethereum, and other digital assets have experienced a sharp price retracement, leading to significant liquidations on derivatives exchanges.

Key Points

  • Crypto long liquidations have neared $600 million, with about $584 million from long positions alone.
  • Ethereum has been the largest contributor to the liquidation event, involving over $235 million in contracts, surpassing Bitcoin's $186 million.
  • Among altcoins, Solana faced $37 million in liquidations, followed by XRP ($16 million) and Dogecoin ($12 million).
  • The volatility caught traders off guard, particularly those with high leverage positions.

Bitcoin Liquidations

Bitcoin's decline has pushed its price below a key on-chain level, the Active Realized Price, which is at $87,900. This indicates that active investors are now in a net unrealized loss position.

Current Bitcoin Status

Bitcoin is currently priced around $87,200, marking a decrease of more than 3% in the last week.

Bitcoin Price Chart