Crypto Market Plunges: $657 Million Liquidated, Ethereum and Bitcoin Bear Brunt
Crypto Market Plunges: $657 Million Liquidated, Ethereum and Bitcoin Bear Brunt
The cryptocurrency market has experienced a significant downturn, with over $657.9 million in liquidations recorded in the past 24 hours. Long positions were severely impacted as the broader market slid, leading to substantial losses for traders. Ethereum (ETH) bore the largest share of these liquidations, with Bitcoin (BTC) also playing a major role in driving the extensive liquidation wave.
Crypto liquidations totaled $657.9 million over the past 24 hours, as the broader market slid. Ethereum (ETH) accounted for the bulk of total liquidations, with traders betting on further upside taking the biggest losses in the latest wipeout. Ethereum, Bitcoin Longs Drive Monday’s Crypto Liquidation Wave According to data from Coinglass, roughly 106,371 accounts were