Cryptocurrency Market Sees $624 Million Liquidation in 24 Hours
The cryptocurrency market experienced a significant liquidation event, totaling $624.41 million, affecting 213,938 traders in the past 24 hours. The largest single liquidation occurred on OKX, valued at $5.57 million.
Bitcoin and Ethereum Price Movements
- Ethereum: Investors faced losses of $179.66 million. Long trader liquidations were $107.77 million, while short traders lost $79.81 million.
- Bitcoin: Total liquidation was $125.98 million, with long traders losing $95.79 million and short traders $30.19 million.
- Other affected assets include Solana, Dogecoin, and XRP.
Following this liquidation event, BTC's price is currently $112,032.80, down by 2.92% in the last 24 hours, with a 9.52% decline over seven days and 3.4% over 30 days. Similarly, ETH's price dropped by 4.34%, reaching $4,002.80. SOL's price is now $196.20, down from a high of $232.