Crypto Liquidations Hit $406M in 24 Hours; Ethereum Bears Face Largest Loss

ETH2.04%

According to Coinglass data via ChainCatcher, the crypto market saw $406 million in total liquidations in the past 24 hours, with long positions liquidated for $254 million and short positions for $152 million. Ethereum contributed the largest share, with long liquidations of $77.83 million and shorts of $41.94 million.

The largest single liquidation of $5.09 million occurred on Binance's ETH/USDT pair, affecting a total of 130,497 traders across all exchanges.

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