Crypto Market Sees Massive $445M Liquidation in Past 24 Hours

Data from CoinGlass shows that the global cryptocurrency market saw massive liquidations of over $445 million in the past 24 hours, with most of those being short positions.

The total value of liquidations reached $4.45 billion, with long positions totaling around $87.5 million and short positions reaching approximately $3.57 billion.

Bitcoin (BTC) accounted for a significant portion of the liquidations, with a total value of around $174 million, consisting of $117.48 million in long positions and $56.52 million in short positions.

Other notable assets that experienced significant liquidations include Ethereum (ETH), Solana (SOL), XRP, ZEC, and HYPE, among others.