Crypto derivatives markets saw $275 million in liquidations over the past 24 hours, with long positions accounting for the vast majority of losses at $235 million. Short liquidations totaled $39.7 million during the same period.
Bitcoin recorded $96.68 million in liquidations, while Ethereum saw $60.47 million, making the two largest cryptocurrencies the biggest contributors to the market-wide wipeout.
Crypto Liquidations Hit $275 Million in 24 Hours, Led by Long Positions
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