Bitcoin (BTC) dropped below two psychological price barriers — $30,000 and $29,000 — in the last 24 hours to liquidate $66.14 million long positions held on the asset, according to Coinglass data.
Source: Coinglass
Across the broader crypto market, the total liquidations were $300.10 million over the last 24 hours, according to Coinglass data. The sell-off wiped off traders who took long positions on the market.
Most of the liquidations occurred on OKX, Binance, and ByBit. The three exchanges accounted for over 80% of the overall liquidations — of which 89% were long positions. Other exchanges like Huobi, CoinEx, and Bitmex also recorded a sizeable amount of the total liquidations.
According to Coinglass, 88,379 traders were liquidated — the most significant liquidation being a $3.92 million LTC-USDT long position on Binance.
Other liquidated assets include Ethereum (ETH) and Litecoin (LTC) — with $69.09 million and $12,20 million, respectively. Others like Dogecoin (DOGE) s
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