Crypto markets saw $1.19B in liquidations in just 24 hours , and ETH traders took the biggest hit. đ
Key numbers:
âą ETH liquidations: $356M
âą BTC liquidations: $298M
âą SOL: $71M
âą XRP: $34M
âą Over $1B came from long positions betting on higher prices
Despite having less than one-fifth of Bitcoinâs 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 BTCâs 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 #NFAâ
Key numbers:
âą ETH liquidations: $356M
âą BTC liquidations: $298M
âą SOL: $71M
âą XRP: $34M
âą Over $1B came from long positions betting on higher prices
Despite having less than one-fifth of Bitcoinâs 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 BTCâs 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 #NFAâ