$694M in crypto long positions liquidated in 24 hours: WhaleInsider
- —$694 million in long positions liquidated in 24 hours
- —Bitcoin and Ether among the most affected assets
- —Sell-off pushed prices below key levels
- —Event points to deleveraging in the derivatives market
Why it matters: The wave of long liquidations signals a shift in sentiment and could keep pressure on prices in the near term.
Source: Crypto Briefing