**Crypto Market Sees Major Liquidations in 24-Hour Period**

IconCryptoNewsTerminal Staff09 Jul, 2024

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**Crypto Market Sees Major Liquidations in 24-Hour Period**

24-Hour Crypto Perpetual Futures Liquidations The cryptocurrency market experienced a wave of forced liquidations in the last 24 hours, affecting major digital assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Bitcoin Liquidations Liquidation scale: $35.95 million Long liquidations: $10.17 million Short liquidations: $25.77 million Short liquidation rate: 71.7% Ethereum Liquidations Liquidation scale: $30.13 million Long liquidations: $12.50 million Short liquidations: $17.63 million Short liquidation rate: 58.53% Solana Liquidations Liquidation scale: $7.52 million Long liquidations: $2.45 million Short liquidations: $5.07 million Short liquidation rate: 67.41% These liquidations occurred as the crypto market faced volatility and price fluctuations, with significant downward pressure on certain assets. The high liquidation rates for short positions indicate that many traders were caught in overleveraged short positions and forced to liquidate their assets. This contributed to the downward momentum and further price drops in the market.

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