Cryptocurrency Sector Sees $306 Million in Liquidations Amid Market Rally
- Total liquidations reached nearly $306 million in the past 24 hours.
- Long positions accounted for $154 million, while short positions were $151 million.
- Bitcoin led with just under $98 million in liquidations.
- Ethereum and XRP followed with $37 million and $25 million, respectively.
- Dogecoin saw almost $16 million in liquidations, ranking fourth despite a lower market cap.
The cryptocurrency derivatives sector experienced significant liquidations totaling approximately $306 million, split evenly between long and short positions. Bitcoin was the most affected, with nearly $98 million in contracts closed.
