According to a report from WhaleInsider, the cryptocurrency market experienced a significant wave of forced deleveraging. Over the last 24 hours, approximately $117 million in long positions were liquidated across the derivatives sector.
This liquidation event occurred alongside a general downturn in asset prices. Bitcoin was trading near $80 000, while Ether fluctuated within the range of $2 300 to $2 370 during this period.
Data provided by CoinGlass corroborates the scale of these liquidations. Market participants are now monitoring price movements and derivatives activity to assess potential shifts in sentiment and future market stability.
