Crypto liquidations reach $313 million as Bitcoin flash crashes to $92.7k
Crypto liquidations have remained elevated over the past 24 hours, reaching $314 million as Bitcoin wicked down to $92,700, according to Coinglass data.
The largest single liquidation order occurred on BitMEX, involving a $5.5 million XBTUSD position. Over 121,000 traders were liquidated during this period, underscoring heightened market volatility.
Long positions bore the brunt, accounting for $194 million, roughly 60% of total liquidations. Short positions contributed $120 million, highlighting imbalances as traders attempted to navigate Bitcoin’s fluctuating price.
Exchange-specific data shows Binance leading in liquidations, with $31.52 million cleared, of which 81.04% were long positions. OKX followed…
