Crypto markets experience $864M in liquidations in 24 hours
Crypto markets saw over $864 million in liquidations across 24 hours, primarily affecting over 241,000 traders with long positions.Summary
Crypto markets experienced significant volatility over the last 24 hours, resulting in liquidations exceeding $864 million, impacting more than 241,000 traders, predominantly those holding long positions which accounted for about $782 million of the losses. The total crypto market capitalization dropped nearly 3% to approximately $3.2 trillion. Bitcoin saw $229 million in liquidations as it dropped from above $95,000 to near $92,000, while Ethereum followed with $153 million in liquidations. The largest single liquidation involved a $25.8 million BTC-USDT position on Hyperliquid. This market decline coincided with rising geopolitical tensions after President Trump threatened tariffs against Denmark and European allies regarding the Greenland dispute.
(Source：Crypto Briefing)