Altcoins
Over $370M in Bitcoin, Ethereum, Altcoins Liquidated in 24 Hours as BTC Briefly Dips Below $57K
Options traders are seeing losses in the hundreds of millions of dollars as Bitcoin (BTC) suddenly drops below $57,000 and altcoins collapse.
According to crypto data aggregator Coinglass, over $379 million in liquidations have been made occurred in the last 24 hours, of which nearly 90% were from leveraged long positions.
Binance, the world’s largest cryptocurrency exchange by volume, hosted the most liquidations, amounting to $181.38 million, followed by $101.07 million on OKX, $47.06 million on Huobi, and $37.72 million on Bybit.
Coinglass reveals that $115.59 million in Bitcoin was liquidated over the past day, the vast majority of which were long positions. Coinglass also finds that $100.76 million of the leading smart contract platform Ethereum (ETH) was liquidated in the same time frame.
Other major digital assets that have seen large liquidations include ETH rival Solana (SOL) at $17.87 million, the meme asset Dogecoin (DOGE) at $6.7 million, layer 1 blockchain Toncoin (TONNE) at $5.37 million, the AI-focused project Worldcoin (Accidental damage) to $4.6 million, and BNB at $4.15 million.
In the last 24 hours, 131,492 traders were liquidated, according to Coinglass. The largest single order liquidation occurred on Binance in the ETH/USDT pair for $18.48 million.
Over the past 24 hours, Bitcoin has moved from a high of $60,584 to a low of $56,836. The top cryptocurrency by market cap is trading at $57,369 at the time of writing, down nearly 5% over the past day, while Ethereum is trading at $3,121.
Don’t miss a beat – subscribe to receive email alerts directly in your inbox
Check Price Action
Follow us on X, Facebook AND Telegram
surf Hodl Daily Mix
 
Disclaimer: The views expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that transfers and trading are at your own risk and any loss you may incur is your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/wacomka