Crypto Liquidations Surge to $1.7 Billion Amid Heightened Market Volatility
In the past 24 hours, nearly $1.7 billion in liquidations swept through the cryptocurrency market, with the total market capitalization declining by 6%.
Bitcoin (BTC) alone accounted for nearly half of the total liquidations, with traders betting on further upside taking the biggest losses during the latest wipeout.
Data from CoinGlass shows a sharp wave of liquidations across the cryptocurrency market over the past 24 hours as asset prices declined following escalating US-Iran tensions. In total, 270,438 traders were liquidated during this period.
Long positions accounted for the majority of losses, with liquidations reaching $1.57 billion. Meanwhile, short positions totaled $107.74 million.
Bitcoin liquidations…
