Bitcoin (BTC) is trading at $101,881.32, down 1.42% over 24 hours, while Ethereum (ETH) is at $2,301.69, reflecting a 4.48% decline during the same period.
Other top cryptocurrencies like XRP, BNB, and Solana have also experienced price drops.
In the past 24 hours, a significant number of traders (157,325) were liquidated, amounting to $562.10 million.
Most liquidations were long positions, totaling $515.92 million, with short liquidations at $46.18 million.
Recent liquidations amounted to $376.61 million in the last hour, $436.34 million in the last 4 hours, and $512.07 million in the last 12 hours.
The largest single liquidation in the past day was on HTX, involving an ETH-USDT value of $9.15 million.
Market conditions show high volatility and a deleveraging event, especially for traders with long positions.
Investors are warned to be cautious due to the ongoing market reactions.
The article discusses the impact of liquidations on the crypto market amidst ETH and BTC price declines.