Digital Asset Liquidations in the Last 24 Hours

IconCryptoNewsTerminal Staff05 Jul, 2024

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Digital Asset Liquidations in the Last 24 Hours

Digital Asset Liquidations: A Glance at the Last 24 Hours In the fast-paced world of digital assets, liquidations play a crucial role in maintaining market stability. Here's a summary of the latest liquidation data from the past 24 hours: - Bitcoin (BTC): $74.77 million worth of BTC liquidations (17.13 million in longs, 57.64 million in shorts), with shorts accounting for 77.09% of the total. - Ethereum (ETH): $33.57 million worth of ETH liquidations (15.38 million in longs, 18.2 million in shorts), with shorts making up 54.2% of the total. - Solana (SOL): $21.48 million worth of SOL liquidations (3.84 million in longs, 17.64 million in shorts), with shorts dominating at 82.1%. These figures indicate a significant presence of short liquidations across the board, suggesting that traders are actively betting against the prevailing market trends. It's important to note that liquidations can have a substantial impact on price movements, so traders should exercise caution and monitor the market closely.

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