Bitcoin liquidations exceed $684M in 24 hours
More than $684 million in leveraged crypto positions were liquidated over 24 hours, with about $422 million from shorts and $261 million from longs, across exchanges.
The crypto derivatives market saw a sharp liquidation event over a 24-hour window, with more than $684 million in leveraged positions wiped out across exchanges. Short sellers accounted for the bulk of the liquidations at roughly $422 million, compared with $261 million from longs.