Crypto market sees $132M in liquidations as long positions dominate losses
Crypto Briefing
The crypto market saw $132 million in liquidations, primarily driven by the closure of long positions.Summary
The cryptocurrency market experienced over $132 million in liquidations within the last hour following sharp intraday declines, with Bitcoin dropping toward the $85,000 level on Monday midday. This downturn forced traders to rapidly unwind leveraged positions, with long positions accounting for the vast majority of the losses at $124 million, compared to only $8 million in short liquidations. Bitcoin and Ethereum were the primary assets involved in this liquidation activity, and at the time of reporting, Bitcoin was trading near $84,500 and Ethereum near $2,720 as selling pressure persisted.
(Source：Crypto Briefing)