Crypto Market Sees $602 Million in Liquidations in 24 Hours, Shorts Hit Hardest

BTC2.8%
ETH4.15%
According to CoinGlass data cited by ChainCatcher, over $602 million in crypto positions were liquidated in the past 24 hours as of June 8, with short positions accounting for $459 million of the total. Bitcoin liquidations reached $279 million, while Ethereum saw $168 million in liquidation volume. Over 103,000 traders were liquidated during the period, with the largest single liquidation of $12.11 million occurring on Binance's BTCUSDT pair.
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