Crypto market sees $258M in liquidations over 24 hours, 65.68% longs
- —Long liquidations totaled $135.18 million versus $70.64 million in shorts
- —BTC liquidations reached $75.62 million, 69% of them longs
- —ETH liquidations hit $64.02 million, 52% longs
- —SOL fell 1.62%, XRP 2.54% and ZEC 5.85% over the day
Why it matters: Long-heavy liquidations during a price decline signal caution and raise the risk of further downside if support levels break.
Source: TokenPost