Crypto markets saw $1.19B in liquidations in just 24 hours , and ETH traders took the biggest hit. 📉
Key numbers:
• ETH liquidations: $356M
• BTC liquidations: $298M
• SOL: $71M
• XRP: $34M
• Over $1B came from long positions betting on higher prices
Despite having less than one-fifth of Bitcoin’s market value, ETH suffered roughly 6x more liquidations relative to market size.
ETH fell over 3% to around $2,490, while BTC dropped about 1%.
Heavy leverage, macro uncertainty and a break from BTC’s recent trading range triggered a sharp flush across the market.
A reminder: leverage can magnify gains, but when the market turns, positions can disappear fast.
#dyor #NFA✅
Key numbers:
• ETH liquidations: $356M
• BTC liquidations: $298M
• SOL: $71M
• XRP: $34M
• Over $1B came from long positions betting on higher prices
Despite having less than one-fifth of Bitcoin’s market value, ETH suffered roughly 6x more liquidations relative to market size.
ETH fell over 3% to around $2,490, while BTC dropped about 1%.
Heavy leverage, macro uncertainty and a break from BTC’s recent trading range triggered a sharp flush across the market.
A reminder: leverage can magnify gains, but when the market turns, positions can disappear fast.
#dyor #NFA✅