In the last 24 hours we had the biggest amount of liquidations since *checks notes* 2 weeks ago.
273,681 traders were liquidated on their positions, which add up to over $1.32B.
In the context of cryptocurrencies, forced liquidation happens when the investor or trader is unable to fulfill the margin requirements for a leveraged position.
The biggest single liquidation happened on a ETH trade with a value of $15.32M
$519.62M were liquidated on Bitcoin.
$316.22M were liquidated on Ethereum.
$83.33M were liquidated on XRP.
The rest were liquidated on various altcoins, mainly on SOL, DOGE, EOS.
89.65% of the $ volume were long positions. That means that $1.19B were liquidated on long positions, and $136M on short positions.