The cryptocurrency market witnessed intense volatility over the past 24 hours, triggering liquidations totaling approximately $318 million, according to on-chain and derivatives data. Long positions bore the majority of losses, accounting for nearly $265 million, while short positions saw around $53 million wiped out.
Why Psychology Matters More Than Charts :
Bitcoin liquidations crossed $76 million, with long traders absorbing most of the impact. Ethereum faced even heavier pressure, recording over $117 million in liquidations, highlighting elevated risk in leveraged positions.
Ethereum Slips Below $3,100 as Selling Pressure Intensifies:
In total, more than 109,000 traders were liquidated globally, underscoring the aggressive use of leverage amid unstable price action. The largest single liquidation was recorded on an ETH-USD trading pair, valued at approximately $5.6 million.
Market participants remain cautious as volatility continues to dominate short-term price movements.
