Crypto Liquidations Drop Over 80% Amid Market Consolidation

Cryptocurrency liquidations plummeted by 80.26% as the market consolidates, characterized by low volatility and neutral sentiment.



Data from Coinglass reveals that total crypto liquidations currently amount to $42.4 million over the past 24 hours, indicating minimal market fluctuations.



Key insights include:




Long positions: Approximately $23.8 million



Short positions: $18.5 million



Ethereum (ETH): Leading with $9 million in liquidations ($3.5 million in longs, $5.5 million in shorts)



Notcoin (NOT): Securing third place with $3.9 million, following a range of small-cap assets



Bitcoin (BTC): Fourth at $3.25 million ($2.44 million in long liquidations)




Binance, the largest crypto exchange by trading volume, accounts for nearly $20 million of these liquidations, representing almost half of the total.


First found on: Cryptonews from Coinatory