Over the past 24 hours, Bitcoin traders (BTC) have encountered a total liquidation of $ 81.94 million. USA, moreover, $ 73.55 million. The United States came from long positions. Shorts? Only 8.39 million dollars. This is an imbalance from 9 to 1-wiper by 900% in favor of one side-free of charge to one of the most extreme unilateral liquidation events of Bitcoin recently.
This happened as part of a broader liquidation trend in the crypto -space; A total of 209.97 million dollars. The United States was clarified in just one day, reaching more than 74,000 merchants. As in the case of bitcoins, Longs received the main severity of damage – $ 167.03 million against $ 42.94 million in shorts.
Ethereum (ETH) was also not relieved of liquidation for a total of 37.35 million dollars. USA. Solana (SOL) and XRP followed for $ 9.23 million. USA and 6.23 million dollars. USA, respectively. While these figures are not ordinary independent, leaning towards a long elimination on almost every large token, draws a clear picture: the market was excessively optimistic, and the bulls fell into a trap.
The 12-hour window showed the same history-80.55 million dollars. The United States is in long liquidation, not $ 26.84 million. The USA-ordering to the cascading effect, which probably began with a slight lack and quickly accelerated when stops and marginal calls are pressed.
Interestingly, all this happened without any huge falls of prices. Bitcoin and other best cryptocurrencies fell, but not enough to explain this level of leaching. This is how this market is usually – this is not only the move itself, but also positioning, which really can cause some damage.
According to Coinglass, the largest liquidation was from the HTX ETH/USDT pair of $ 2.36 million. It is difficult to say whether it was just some kind of discharge or a sign that the market is in bad shape.
