Markets· ★★★· bearish·

$725M liquidated across crypto in 24 hours, 81% longs

  • —Total liquidations hit $725M, with longs at $588M (81%)
  • —BTC and ETH liquidations reached $167M each
  • —Largest single liquidation was $9.65M on Binance's BTCUSDT pair
Why it matters: The long squeeze adds selling pressure and raises the risk of further cascading liquidations.
#BTC#ETH
Source: PANews
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