Crypto Liquidations Approach $1B as Ethereum Leads Sell-Off
Key Notes
- The crypto market saw nearly $1 billion in liquidations over 24 hours, impacting over 230,000 traders and wiping out leveraged long positions.
- Ethereum led the sell-off with over $311 million in liquidations.In comparison, Bitcoin followed with $245 million in forced closures from bullish traders.
- The crash was fueled by market exhaustion, as slowing ETF inflows and heavy profit-taking by long-term holders created a fragile market structure.
A sharp downturn in the crypto market has triggered nearly $1 billion in liquidations over the past 24 hours, impacting more than 226,000 traders. Most of these forced closures involved long positions, significantly damaging recent bullish sentiment.
According to data…
