Crypto Market Sees Hefty $238 Million Liquidations in One Hour

Crypto market liquidations reached $238 million in one hour on Sept. 23, indicating significant derivatives-market activity.

The overwhelming majority of forced closures were long positions, totaling $230 million during the period.

Short-position liquidations, on the other hand, accounted for just $6.83 million.

This breakdown highlights a heavily one-sided liquidation scenario, with long positions representing nearly all reported totals.