Crypto Liquidations Hit $285 Million in 24 Hours, Led by Long Positions

In Brief:

Total liquidations reached $285M, with $147M from longs and $138M from shorts.

BTC and ETH saw $55.4M and $41.5M in liquidations respectively.

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According to Coinglass data reported by Foresight News, the cryptocurrency market recorded $285 million in liquidations over the past 24 hours, highlighting heightened volatility. Long positions accounted for $147 million of the total, while short positions made up $138 million.

Bitcoin (BTC) led asset-specific liquidations with $55.41 million, followed by Ethereum (ETH) with $41.53 million. The near-equal wipeout of long and short orders indicates aggressive price swings across the market, catching both bullish and bearish traders off guard.

The elevated liquidation levels reflect ongoing instability across key crypto assets and a leveraged market structure prone to rapid liquid moves. Analysts advise caution amid current macro uncertainty and shifting market sentiment.

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