tldr; Crypto markets experienced over $864 million in liquidations within 24 hours, impacting more than 241,000 traders. Bitcoin and Ethereum were heavily affected, with $229 million and $153 million in liquidations, respectively. Long positions accounted for $782 million of the losses. The total crypto market capitalization dropped nearly 3% to around $3.2 trillion. The largest single loss was a $25.8 million BTC-USDT position on Hyperliquid.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Crypto markets experienced over $864 million in liquidations within 24 hours, impacting more than 241,000 traders. Bitcoin and Ethereum were heavily affected, with $229 million and $153 million in liquidations, respectively. Long positions accounted for $782 million of the losses. The total crypto market capitalization dropped nearly 3% to around $3.2 trillion. The largest single loss was a $25.8 million BTC-USDT position on Hyperliquid.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.