CoinGlass recorded $1.16B in crypto liquidations over the 24 hours covered by CryptoSlate’s Oct. 8 report as Bitcoin slid toward $80,000. Ethereum led with about $324M in liquidated positions, versus Bitcoin’s $240M.
Long positions made up most of the total, and forced closures of leveraged longs can deepen a decline. Liquidation totals measure closed positions, not investor capital lost.
Long positions made up most of the total, and forced closures of leveraged longs can deepen a decline. Liquidation totals measure closed positions, not investor capital lost.