Crypto Liquidations Near $1 Billion as Longs Take 91.6% of Losses
- —24-hour liquidations hit $942.1 million, with longs at 91.6%
- —ETH traders lost $283.1 million, including $261 million in longs
- —Bitcoin liquidations reached $196 million, $176 million from longs
- —The last hour alone saw $489.4 million liquidated, 53.7% on Binance
Why it matters: The liquidation cascade adds pressure ahead of the Fed's October 27–28 meeting, where another rate hike is on the table.
Source: BeInCrypto