The majority of these liquidations were borne by short-position investors who absorbed losses amounting to $13.65 million. The breakdown of the liquidations includes Bitcoin ($5.82 million), Ethereum ($2.34 million), Solana ($1.63 million), and XRP ($920,000).
Adding to the market turbulence, ORDI, a newly listed cryptocurrency on Binance, experienced an unexpected liquidation of $590,000.
Over the past 24 hours, total assets liquidated reached a staggering sum of $124 million. Long positions constituted $79 million while short positions accounted for $45 million. The cryptocurrencies most impacted by these liquidations were Bitcoin, Ethereum, XRP, and Solana. This swift market movement underscores the inherent risk and volatility associated with cryptocurrency investments.
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Source: Cryptocurrency - investing.com
