Key Notes
- Crypto market liquidations reached $1.14 billion in 24 hours, impacting 241,696 traders.
- Bitcoin long traders faced $415.73 million in liquidations, the largest among cryptocurrencies.
- Ethereum, Solana, and XRP also saw significant long trader liquidations amid market selloff.
In the past 24 hours, the broader cryptocurrency industry has seen 241,696 traders suffer liquidations, with the dollar amount hitting $1.14 billion.
Bitcoin BTC $104 998 24h volatility: 0.1% Market cap: $2.09 T Vol. 24h: $26.86 B , Ethereum ETH $2 535 24h volatility: 0.7% Market cap: $306.03 B Vol. 24h: $18.20 B , Solana SOL $145.7 24h volatility: 0.1% Market cap: $76.85 B Vol. 24h: $3.48 B , and XRP XRP $2.17 24h volatility: 0.7% Market cap: $127.83 B Vol. 24h: $2.07 B were mainly affected by the turn of events, with long traders taking the bigger hit.
Bitcoin Leads Long Traders Crypto Liquidations
According to CoinGlass data , the largest single liquidation order occurred on Binance, involving the btcusdT pair and valued at $201.31 million.
Over the past 24 hours, Bitcoin liquidations totaled $444.41 million, with long traders who had bet on a price rise bearing the brunt of the losses.
This category of traders recorded about $415.73 million in liquidation, while their short bet counterparts managed $28.68 million. For Ethereum, the case was not so different.
Ethereum long traders suffered liquidation of $240.79 million, and short traders recorded $56.87 million. Altogether, the total Ethereum liquidation in 24 hours came in at $297.66 million.
Solana recorded up to $52.73 million in crypto liquidations, with long traders bearing the larger brunt.
XRP liquidations were capped at $22.77 million, and like the others, long traders’ $21.14 million were liquidated, and short traders lost only $1.63 million. Other digital currencies like DOGE DOGE $0.18 24h volatility: 0.9% Market cap: $26.54 B Vol. 24h: $1.06 B , WIF WIF $0.84 24h volatility: 3.5% Market cap: $840.24 M Vol. 24h: $326.65 M , and AAVE AAVE $275.8 24h volatility: 2.7% Market cap: $4.19 B Vol. 24h: $659.25 M also had traders liquidated.
The liquidation heatmap shows Bitcoin leading the crypto selloff, which makes sense as most digital assets move in line with Bitcoin’s price.
Recently, Bitcoin’s price dropped below $105,000, erasing nearly $170 billion from its market capitalization.
The flagship cryptocurrency has recovered slightly since this price dip. Bitcoin was trading at $105,291.77 at press time, however it is still 1.56% lower than 24 hours ago.
Snorter Bot Presale Heats Up, Join the Telegram Crypto Sensation
While the broader crypto market is experiencing bearish downturns, Snorter Bot has presented a good distraction. The Solana meme coin , designed in the likeness of an adventurous aardvark, blends playful charm with real crypto trading prowess.
Powered through Telegram, this project is touted as the best crypto trading bot, thanks to its ability to help users spot rare market opportunities.
The Snorter Bot Advantage
Snorter Bot digs through market data and provides real-time insights and convenient trading features on Telegram.
With multi-chain push coming in the future, early adopters might have unlocked one of the best crypto projects set to overhaul on-chain trading.
Current Presale Stats:
- Current Price: $0.0951
- Amount Raised So Far: $879,645
- Ticker: $SNORT
- Operating Platform: Telegram
The SNORT presale is still open for nearly two more days. Payments can be made by card or cryptocurrency, especially Solana.
nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
