Derivatives Liquidations Hit $988M in 24 Hours, Long Positions Account for $799M

BTC-2.96%
ETH-2.87%

According to Coinglass, in the past 24 hours, derivatives markets saw $988 million in liquidations, with long liquidations totaling $799 million and short liquidations $189 million.

Bitcoin long liquidations reached $321 million while shorts were $80.97 million; Ethereum saw $171 million in long liquidations and $50.95 million in shorts. The largest single liquidation occurred on Binance BTCUSDT worth $12.21 million.

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