The cryptocurrency market recorded liquidations worth $477 million as Bitcoin (BTC) experienced price rejection again.
Bitcoin price slipped from a high of $105,884.23 shortly after attempting to climb toward its all-time high of $108,268.45. Several altcoins also suffered the same drop after registering a price rally.
This fueled the crypto liquidations over the past 24 hours
Bitcoin Leads Liquidation Figures
CoinGlass data shows Bitcoin’s total liquidation in the last 24 hours stood at $86.82 million.
Short position traders accounted for the larger chunk of the liquidations, amounting to $55.11 million. Long position traders only saw $35.71 million wiped out from their holdings.
This suggests that market participants were not betting on the price retracement of Bitcoin.
It also highlights the unstable price fluctuations that traders have been contending with BTC in the past few days.
Among altcoins, Solana (SOL) flipped other assets to become the best-performing coin o
We współpracy z: https://www.thecoinrepublic.com/2025/01/18/crypto-liquidations-hit-477-million-as-bitcoin-faces-rejection/
