$486 million liquidated across crypto in 24 hours, 80.7% were longs
- —Total 24-hour liquidations reached $486 million
- —Longs lost $392 million, shorts $93.76 million
- —BTC liquidations: $107 million; ETH: $74.29 million
- —Largest single liquidation: $11.82 million on Binance ETHUSDT
Why it matters: The long-heavy wipeout signals a sharp price drop and raises the risk of a further cascade of forced selling.
Source: PANews