Ethereum Leads $1.16B Crypto Liquidation Wave With $356M in Losses
- —Total 24-hour crypto liquidations reached $1.16 billion
- —Longs accounted for about $1.05 billion, or 90%
- —Ethereum liquidations totaled $356 million
- —Bitcoin dropped below $81,000 during the session
Why it matters: Forced unwinding of long positions deepens the selloff in ETH and BTC and raises the risk of further downside.
Source: Coinotag