Crypto Market Suffers $277 Million in Liquidations as Volatility Bites

Crypto market liquidations reached $277 million in the past 24 hours as of September 30, affecting both long and short positions. The losses were split nearly evenly between the two types of bets, with long-position liquidations totaling $142 million and short-position liquidations reaching $136 million.

The figure of $277 million represents a significant forced closure event in the crypto market, with Bitcoin (BTC) accounting for a substantial portion of it. BTC liquidations reached $91.262 million, while Ether (ETH) saw losses of $56.7116 million.

HTX recorded the largest individual liquidation order, valued at $6.9154 million in the BTC-USDT market. The significant losses underscore the volatility and risks associated with trading cryptocurrencies.