$699M liquidated across crypto in 24 hours, 93% were longs
- —Total liquidations reached $699 million, with longs at $650 million
- —Short liquidations totaled $48.6 million
- —BTC liquidations hit $186 million, ETH $236 million
- —Largest single liquidation was $26.64 million on Binance's ETHUSDC pair
Why it matters: Longs accounted for 13 times more liquidations than shorts, signaling a sharp price drop and an overleveraged market.
Source: PANews