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The crypto market experienced a massive $336.84 million liquidation event within 24 hours, with Ethereum leading the charge. Over 114,000 traders were caught off guard as leveraged positions were wiped out across major exchanges.
- Ethereum accounted for $113 million in liquidations, nearly double Bitcoin's $58.54 million.
- binance/?utm_source=CVJ.Ai&utm_medium=glossary&utm_id=CVJ.AI" target="_blank">Binance and Bybit jointly represented two-thirds of all forced closures, totaling over $220 million.
- Long positions dominated the liquidations, with BitMEX and Bybit seeing over 80% of losses from longs.
📎 Related coverage from: cryptoslate.com