Crypto Liquidations Surge to $1.12 Billion Amid Price Spikes
- Total crypto liquidations reached $1.12 billion in the past 24 hours.
- Short positions accounted for $777 million of the liquidations.
- Ethereum faced the highest liquidation at $439 million, following a 25% price increase to $2,303.
- Bitcoin’s price rose by 5% to $102,858, with $307 million in liquidations.
- Solana and Dogecoin saw significant gains of 12% and over 11%, respectively.
The recent surge in crypto prices led to massive liquidations, predominantly affecting short traders who lost nearly $777 million as Ethereum and Bitcoin prices soared significantly.
Source (2.6)https://decrypt.co/318793/crypto-liquidations-billion-bitcoin-ethereum-solana?rand=52368
