Crypto liquidations hit $225M in one hour, 97% longs
- —Total liquidations reached $225 million in one hour
- —Longs lost $219 million, shorts $6.62 million
- —ETH liquidations totaled $59.87 million
- —BTC liquidations totaled $57.49 million
Why it matters: The heavy long flush signals a sharp downside move and raises the risk of further cascading liquidations.
Source: PANews