Crypto market sees $376.83M in liquidations over 24 hours, 77.16% longs
- —Total liquidations hit $376.83M: longs $290.77M, shorts $86.07M
- —BTC topped liquidations at $130.19M, with 74% from longs
- —ETH lost $94.91M, ZEC $21.02M (89% longs), NEAR $20.7M (92% longs)
- —BTC fell 1.62% to $83,355 and ETH dropped 0.64% to $2,675 over 24 hours
Why it matters: Long-dominated liquidations signal an overleveraged market and raise the risk of further downside if spot demand stays weak.
Source: TokenPost