🚨 Massive wave of liquidations in the crypto market!
Over the past 24 hours, positions worth more than $552.8 million were forcibly closed in the cryptocurrency market. More than 104,000 traders were caught in the fallout from a sharp price move.
📊 Key figures and facts:
More than 87% of all liquidations were long positions (~$484.8 million).
Leading assets by liquidation volume: Ethereum ($166.2 million) and Bitcoin ($131.2 million), followed by Solana ($11.8 million) and XRP ($11.8 million).
Such large-scale flash crashes usually flush excess borrowed capital out of the market and restore balance between buyers and sellers. Remember to manage your risk and don’t overuse leverage!
#crypto #cryptocurrency #bitcoin #ethereum #trading
Over the past 24 hours, positions worth more than $552.8 million were forcibly closed in the cryptocurrency market. More than 104,000 traders were caught in the fallout from a sharp price move.
📊 Key figures and facts:
More than 87% of all liquidations were long positions (~$484.8 million).
Leading assets by liquidation volume: Ethereum ($166.2 million) and Bitcoin ($131.2 million), followed by Solana ($11.8 million) and XRP ($11.8 million).
Such large-scale flash crashes usually flush excess borrowed capital out of the market and restore balance between buyers and sellers. Remember to manage your risk and don’t overuse leverage!
#crypto #cryptocurrency #bitcoin #ethereum #trading
