Security· ★★★★· bearish·

Crypto liquidations hit $629M in an hour after Binance wallet hack rumors

  • —$629M liquidated in one hour, with $607M in longs and $21.7M in shorts
  • —BTC liquidations totaled $190M, ETH $157M and SOL $46.8M
  • —24-hour liquidations reached $953M
  • —Largest single liquidation was a $11.09M BTCUSDT order on Binance
Why it matters: Rumors of a Binance breach triggered a liquidation cascade; confirmation or denial will set the market's next move.
#BTC#ETH#SOL
Source: PANews
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