The crypto market experienced significant volatility over the past 24 hours, with $489.46 million in liquidations across various assets, including Bitcoin.
In the past hour alone, liquidations totaled $5.58 million, with $2.07 million from long positions and $3.50 million from shorts. Over a 4-hour period, liquidations reached $29.09 million, with shorts accounting for $20.56 million and longs for $8.53 million.
The 12-hour period saw a larger total of $130.15 million in liquidations, with $58.32 million from longs and $71.84 million from shorts. Over the full 24-hour span, liquidations overwhelmingly came from long positions, totaling $358.96 million, compared to $130.50 million from shorts.