Crypto Traders Suffer $73 Million Loss in One Hour

Crypto traders experienced a massive wave of liquidations on September 24, with over $73.17 million in positions being closed across three major exchanges.

The majority of these liquidations were long positions, which accounted for nearly 98% of the total, totaling $72.03 million. Only $1.14 million worth of short positions were liquidated during this period.

Binance recorded the most liquidations with $49.30 million, followed by OKX with $16 million and Bybit with $7.87 million.