Crypto market dips, wiping out over $630 million in liquidations while Metaplanet adds 5,419 BTC
- CoinGlass data indicates that over $630 million in leveraged crypto positions were liquidated within the past 24 hours.
- Long positions accounted for 89% of the wiped-out trades, with the largest single liquidation being a $12.66 million BTCUSD order on Binance.
- Metaplanet boosted its Bitcoin holdings with a fresh purchase of 5,419 BTC, raising its total stash to 25,555 BTC.
Crypto markets experienced turbulence over the past 24 hours, with over $630 million in leveraged positions liquidated, 89% of which were long positions—highlighting overly bullish positioning. Despite the sell-off, institutional sentiment stayed firm as Metaplanet expanded its Bitcoin holdings with a purchase of 5,419 BTC.
