More Than 323 Million USD Liquidated in 24 Hours, Bitcoin Leads as the Market Fluctuates Sharply
The crypto market recorded $323.24 million in liquidated positions over the past 24 hours, affecting 84,775 traders as price volatility increased broadly.
🔷 The Long side suffered the biggest losses, with $197.24 million liquidated, while the Short side recorded $126 million.
This suggests that the recent correction has swept many positions that were expecting price to rise out of the market.
🔶 $BTC leads by liquidation value with $115.19 million, followed by Ethereum with $87.05 million.
Among altcoins, $SOL also recorded a significant liquidation amount of up to $19.45 million, reflecting that volatility pressure is not only concentrated in the two major-cap coins.
Notably, the largest single liquidation order of the day occurred on the ETHUSDT pair with a value of about $3.9 million, showing that leveraged positions are still facing significant risk.
Overall, the fact that Long liquidations outnumbered Shorts reflects the market’s previously optimistic sentiment being tested when prices corrected.
If liquidation gradually declines in the upcoming sessions and buying momentum returns, this could be a sign that the market is gradually absorbing selling pressure and establishing a new state of balance.
What do you think—has this liquidation event been enough to “shake off” most of the leverage in the market, or is there still a risk of another round of sharp volatility?$ETH
The crypto market recorded $323.24 million in liquidated positions over the past 24 hours, affecting 84,775 traders as price volatility increased broadly.
🔷 The Long side suffered the biggest losses, with $197.24 million liquidated, while the Short side recorded $126 million.
This suggests that the recent correction has swept many positions that were expecting price to rise out of the market.
🔶 $BTC leads by liquidation value with $115.19 million, followed by Ethereum with $87.05 million.
Among altcoins, $SOL also recorded a significant liquidation amount of up to $19.45 million, reflecting that volatility pressure is not only concentrated in the two major-cap coins.
Notably, the largest single liquidation order of the day occurred on the ETHUSDT pair with a value of about $3.9 million, showing that leveraged positions are still facing significant risk.
Overall, the fact that Long liquidations outnumbered Shorts reflects the market’s previously optimistic sentiment being tested when prices corrected.
If liquidation gradually declines in the upcoming sessions and buying momentum returns, this could be a sign that the market is gradually absorbing selling pressure and establishing a new state of balance.
What do you think—has this liquidation event been enough to “shake off” most of the leverage in the market, or is there still a risk of another round of sharp volatility?$ETH