Over the past 24 hours, the cryptocurrency market experienced liquidations totaling $774.14 million. Long positions accounted for 88.9% of this volume, resulting in losses of $688.56 million, while short positions faced $85.58 million in liquidations.
Market data indicates that the total crypto market capitalization decreased by 4.40% to $2.77 trillion. Bitcoin dropped 2.67% to $81,594, Ethereum fell 4.46% to $2,429.16, and Solana declined 7.11% to $103.62.
According to CoinGlass, 172,662 traders were liquidated. Ethereum led with $169.23 million in liquidations, followed by Bitcoin at $160.48 million and Solana at $60.41 million. Binance processed 51.9% of all liquidation volume.
The largest single liquidated order was a BTCUSDT long position on Binance valued at $9.65 million, which was closed at a price of $81,772.75. Meanwhile, some traders opened new short positions, including one involving 124.24 BTC with 40x leverage.
