Crypto Long Liquidations Hit $584 Million in 24-Hour Sell-Off
BeInCrypto
A market-wide downturn led to $584 million in long position liquidations, primarily impacting Ethereum and Bitcoin traders.Summary
The cryptocurrency market experienced a significant sell-off, resulting in $657.9 million in total liquidations over 24 hours. Long positions suffered the most, accounting for $584.38 million in losses, while short positions saw only $73.52 million liquidated. Ethereum and Bitcoin were the most affected, making up two-thirds of the total damage, fueled by a broader risk-off sentiment linked to geopolitical tensions involving Donald Trump and Iran.
(Source：BeInCrypto)