Crypto markets experienced a significant shake-up with $157 million in liquidations occurring within a single hour, according to Coinglass data. Short positions were particularly affected, accounting for $130 million of the total liquidations, while long positions saw $26.9 million liquidated.
Bitcoin and Ethereum were among the hardest hit, with BTC liquidations totaling $67.07 million and ETH liquidations reaching $33.11 million. Additionally, XYZ:CL (WTI Crude Oil) saw $11.3 million in liquidations, highlighting the volatility across both crypto and traditional markets.
Crypto Markets See $157 Million in Liquidations, Short Positions Suffer Most
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