Crypto liquidations hit $1.49 billion in 24 hours, 86.8% longs
- —Longs made up $1.29 billion of the $1.49 billion total; shorts lost $197.08 million
- —Bitcoin liquidations reached $475.19 million, 87.6% of it longs
- —Ethereum liquidations were $330.59 million, 84.7% longs; SOL $82.5 million, XRP $37.56 million
- —About $1.33 billion was liquidated within 12 hours, roughly 90% of the daily total
Why it matters: The liquidation cascade deepened Bitcoin's slide to $77K; whether that support holds will set the market's near-term direction.
Source: BeInCrypto CN