Crypto market sees $268.5M in liquidations in 24 hours, 84.5% longs
- —Long liquidations totaled $226.97 million versus $41.54 million in shorts
- —Biggest losses: BTC $97.64 million (76% longs), ETH $73.44 million (89% longs)
- —ZEC slid 4.71%, XRP 3.57% and SOL 1.93%
- —Longs made up 96% of XRP liquidations and 98% of DOGE liquidations
Why it matters: Longs outnumbering shorts 5.5-to-1 in liquidations signals overleveraged buyers and raises the risk of further downside.
Source: TokenPost