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Crypto Market Sees Significant Liquidations Amidst ETH and BTC Price Drops

  • 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.

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