Long Positions Account for $54.21 Million of $81.18 Million in Crypto Liquidations

Crypto contracts recorded $81.18 million in liquidations over a 24-hour period, with long positions making up about two-thirds of the total and more than twice the amount recorded for shorts. Long positions accounted for $54,213,800, or about 66.8% of the total. Short positions totaled $26,964,300, or about 33.2%. The long-side amount exceeded the short-side figure by $27,249,500. Ether (ETH) liquidations totaled $10,236,500, compared with $9,491,200 for Bitcoin (BTC). Ether’s total was $745,300 higher. Together, the two assets accounted for $19,727,700 in liquidations over the period. The largest single liquidation involved the HYPERLIQUID-XRP-USD contract and was valued at $952,900.

Source: TokenPost