Crypto market sees $470.36M in liquidations over 24 hours, 89.68% longs
- —Total liquidations hit $470.36M, with longs at $421.82M and shorts at $48.53M
- —BTC liquidations reached $190.46M, 92% of which were longs
- —ETH saw $140.39M liquidated, XRP $30.76M and SOL $19.16M
- —XRP fell 7.85%, ZEC 10.88% and SOL 3.52%
Why it matters: The long squeeze deepens market pressure and raises the risk of further downside if key support levels give way.
Source: TokenPost