Crypto Liquidations Reach $1.65 Billion in 24 Hours, Mostly Longs

Crypto markets saw $1.652 billion in forced position closures over 24 hours, with long trades making up most of the total and Binance accounting for nearly half of the activity. The scale of the reported total highlights the volume of leveraged positions closed across the market during the period. Binance represented 49.8% of all liquidations, or just under half of the reported dollar value. The largest single liquidation was on Binance's BTCUSDT trading pair and was valued at about $11.0867 million. That individual closure was part of the broader total, which aggregates liquidations across the 24-hour period.

Source: TokenPost