The cryptocurrency market faced significant turbulence, resulting in $277 million in liquidations over the past 24 hours. Ethereum (ETH) was at the forefront, with $180 million in liquidations, primarily affecting long positions, which constituted 97.19% of ETH liquidations. Bitcoin (BTC) and Dogecoin (DOGE) also saw substantial long position liquidations, at 95.97% and 96.67% respectively. This event underscores the inherent risks associated with leveraged trading and the volatility of perpetual futures markets.
Ethereum Dominates $277M Crypto Liquidations Amid Market Volatility
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