The cryptocurrency market is experiencing a wave of liquidation as digital asset prices decline. Over the past 24 hours, liquidations across various exchanges totaled $483.61 million. Long position liquidations accounted for the majority at $342.34 million, while short position liquidations reached $141.34 million. Ethereum (ETH) was the most affected altcoin, with a total liquidation of $86.43 million, driven by both long and short position traders. Solana (SOL) also experienced significant long-position liquidations. XRP showed resilience compared to other cryptocurrencies but still saw total liquidation of $14.16 million. The majority of the liquidations occurred on Binance, OKX, and Bybit, with analysts attributing the widespread liquidations to the rapid decline of Bitcoin, the leading digital asset.



Other News from Today