Crypto market sees $417.2M in liquidations in 24 hours, 90.6% longs
- —24-hour liquidations totaled $417.2M: $377.8M longs vs $39.4M shorts
- —Ethereum saw $175.1M liquidated, 94% of it longs
- —Bitcoin saw $143M liquidated, 90% of it longs
- —BTC fell 1.24% to $84,254; ETH dropped 2.93% to $2,618
Why it matters: Longs being liquidated 9.6 times more than shorts signals an over-leveraged market and raises the risk of further downside.
Source: TokenPost