According to recent data, the total liquidation value across global markets reached $2.138 billion in the last 24 hours. Of this, long positions accounted for $1.958 billion, while short positions accounted for $181 million. Specifically for Bitcoin, long liquidations amounted to $651 million, while short liquidations totaled $50.1 million. For Ethereum, longs saw $883 million in liquidations and shorts accounted for $76.8 million.
Market Volatility Insights
Over the last 24 hours, the crypto market experienced significant turbulence, resulting in widespread forced liquidations. Long positions dominated the losses, indicating a prevailing bullish sentiment that wasn't supported by the actual market movement.
- Bitcoin Liquidation Breakdown: $651 million in longs, $50.1 million in shorts
- Ethereum Liquidation Breakdown: $883 million in longs, $76.8 million in shorts