Market records $253 million in liquidations in the last 24 hours

According to data from Coinglass reported by ChainCatcher, the cryptocurrency market faced a challenging scenario in the last 24 hours, with total liquidations reaching $253 million. This significant volume of forced position closures reflects the volatility and pressure investors experienced during this period.

Bitcoin leads liquidation losses during this period

In the Bitcoin segment, long positions experienced the largest loss, with liquidations totaling $79.235 million. During the same period, short bets on Bitcoin totaled $28.3154 million in liquidations. Overall, Bitcoin accounted for a substantial portion of the total market liquidation volume, highlighting its importance as a reference for overall market movements.

Ethereum also suffers significant impact from position closures

Ethereum was not immune to the observed volatility. Liquidations in Ethereum long positions reached $36.2312 million, while short positions were wiped out at $16.2204 million. This pattern shows that the second-largest asset in the market also follows the volatility pressures affecting the broader market.

Nearly 100,000 traders were liquidated worldwide

One of the most impactful data points is that approximately 99,115 people had their positions liquidated globally. The largest individual liquidation recorded occurred on an exchange trading BTCUSD, where a single trader suffered a loss of $10 million, highlighting the risk of excessive volatility faced by leveraged traders in the 24-hour market.