Crypto liquidations hit $545.6M in 24 hours, 82% longs
- —24-hour liquidations totaled $545.59 million, up 98.26% from the prior day
- —Longs accounted for $446.85 million (82%), shorts $98.74 million
- —BTC liquidations reached $163.66 million, ETH $112.79 million
- —Open interest fell 5.06% to $151.17 billion as volume rose 4.56%
Why it matters: Heavy long liquidations and falling open interest point to deleveraging after an overheated buildup.
Source: Blockmedia