Crypto liquidations hit $476M in an hour, 95% longs
- —$476M liquidated in an hour, 95% were longs ($457M)
- —ETH saw $199M in liquidations, BTC $110M
- —Binance led with $292M, about 62% of the total
- —24-hour liquidations reached $922M across 174,600 traders
Why it matters: The long squeeze deepens selling pressure as BTC trades near $81K and ETH near $2,362, raising the risk of further declines.
Source: PANews