Crypto liquidations top $335 million in 24 hours, 63% longs
- —24-hour liquidations: $335.26 million; longs $212.84 million (63%), shorts $122.41 million
- —82,597 traders liquidated; $135.76 million in 12 hours and $18.11 million in 4 hours
- —Largest single liquidation: $11.48 million on Binance ETH perpetual futures
- —BTC funding rate on OKX at 0.0010% (~1.1% annualized); open interest at 28,654 BTC
Why it matters: The flush of overleveraged longs eased overheating, but a break below $84,000 could trigger another cascade of liquidations.
Source: Blockmedia