$477M liquidated in 24 hours: 76% were longs
- —A total of $477 million was liquidated, with longs at $363 million and shorts at $114 million
- —BTC liquidations totaled $144 million, ETH $136 million
- —The largest single liquidation was $22.53 million on Binance in BTCUSDT
Why it matters: The dominance of long liquidations points to pressure on buyers and the risk of further declines if the rebound is weak.
Source: PANews