Market News / Story
Crypto Liquidations Cross $1 Billion Mark: Short Squeeze or Bearish Market Begin?
U.Today ·
U.Today reports: Over the last 24 hours, cryptocurrency traders have collectively lost more than $1 billion. CoinGlass reports $1.09 billion in liquidations , with 181,077 traders wiped out. Hyperliquid saw the largest single order, an ETH position worth $19.98 million. Liquidatoin wipe out long traders The key point is who got hit: long traders lost $930.54 million, approximately 85% of the total, while shorts lost only $161.85 million. This event was driven primarily by leveraged buyers,…