Crypto liquidations hit $504M in 24 hours, over 120,000 traders wiped out
- —Total 24-hour liquidations reached $504 million
- —Longs accounted for $358 million, shorts $146 million
- —120,713 traders were liquidated
- —Largest single liquidation: $10.04 million on Binance's ETHUSDT
Why it matters: The long-heavy liquidation mix signals a pullback after the rally and raises the risk of further forced selling.
Source: ChainCatcher 链捕手