Crypto market sees $572.98M in liquidations over 24 hours, 92.8% longs
- —24-hour liquidations totaled $572.98M: $531.82M longs vs $41.16M shorts
- —Ethereum saw $250.75M liquidated, 94% of it longs
- —Bitcoin saw $185.16M liquidated, 94% of it longs
- —BTC fell 2.65% to $83,299; ETH -4.54% to $2,567; XRP -5.25%
Why it matters: The long squeeze deepens pressure on BTC and ETH, while a move back above $80,000 could trigger $619M in short liquidations.
Source: TokenPost