Over $388M in long positions liquidated from crypto market in 24 hours
Crypto Briefing
The cryptocurrency market saw over $388 million in long positions liquidated within 24 hours, impacting more than 100,000 traders.Summary
A sudden market downturn resulted in the liquidation of over $388 million in long positions across crypto exchanges within 24 hours, affecting more than 100,000 traders. The losses were primarily concentrated in Bitcoin and Ethereum, though smaller tokens experienced significantly higher relative volatility. The event was exacerbated by both centralized exchange activity and on-chain DeFi liquidations, creating cascading sell pressure. While such liquidations often serve to reset overly bullish funding rates, experts caution that macroeconomic factors, such as Federal Reserve policy and geopolitical risks, will determine whether this correction stabilizes the market or signals further volatility.
(Source：Crypto Briefing)