đš $1.25B Liquidated in 24 Hours â Bulls Are Getting Wiped Out
The crypto market just saw a massive liquidation event.
According to CoinGlass, 239,832 traders were liquidated over the past 24 hours, with total liquidations reaching $1.25B.
Here's the breakdown:
Long liquidations: $1.11B (88.6%)
Short liquidations: $142.59M (11.4%)
$BTC led the losses with $329.62M in liquidations, followed by $ETH at $210.63M.
Binance accounted for 45.2% of total exchange liquidations.
The imbalance is pretty clear: longs took the overwhelming majority of the damage.
How much more leverage needs to get flushed before the market finds some stability?
The crypto market just saw a massive liquidation event.
According to CoinGlass, 239,832 traders were liquidated over the past 24 hours, with total liquidations reaching $1.25B.
Here's the breakdown:
Long liquidations: $1.11B (88.6%)
Short liquidations: $142.59M (11.4%)
$BTC led the losses with $329.62M in liquidations, followed by $ETH at $210.63M.
Binance accounted for 45.2% of total exchange liquidations.
The imbalance is pretty clear: longs took the overwhelming majority of the damage.
How much more leverage needs to get flushed before the market finds some stability?
