The entire network is experiencing a liquidation frenzy! $69.89 million in funds wiped out, BTC and ETH liquidations trigger market turbulence!
On December 26, news from Coinglass shows that in the past hour, the total liquidation amount across the network reached $69.89 million, with long positions dominating at $69.08 million, while short positions faced liquidations of $80.95 thousand.
BTC liquidations reached $23.51 million, ETH liquidations were $7.12 million, and SOL and XRP also faced severe liquidations of $5.24 million and $3.05 million, respectively. The market's turbulent conditions have instantly consumed a large amount of capital, and the storm has arrived!
This wave of liquidations has undoubtedly intensified the market's volatility, and investor confidence has once again suffered a heavy blow. The market is experiencing extreme uncertainty, and higher-risk liquidation events may continue to occur frequently in the short term.
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