Crypto market sees $306M in liquidations over 24 hours, 75% longs
- —24-hour liquidations totaled $306.24M: $229.4M longs, $76.83M shorts
- —Ethereum liquidations hit $104.94M, with longs at 66%
- —Bitcoin liquidations reached $103.58M, with longs at 72%
- —BTC -1.60% to $84,586; ETH -1.76% to $2,682; SOL -1.95%; XRP -2.42%
Why it matters: Long-heavy liquidations during a price decline signal weakening buyer support and raise the risk of further downside.
Source: TokenPost