Crypto Market Faces Liquidations of Over $1 Billion in Last 24 Hours
Over the past 24 hours, over $1 billion worth of crypto futures were liquidated as the market decline intensified on Sunday and continued into Monday.
Of the liquidations, over $902 million were long positions and $147 million were short positions.
This collapse was aided by speculation of Jump Trading exiting its crypto operations.
Bitcoin futures saw liquidations of over $350 million, and Ethereum futures saw liquidations of over $340 million.
More than 200,000 traders faced liquidations, with the largest single order worth $27 million on the Huobi exchange for BTC/USD trading. Data revealed that 87% of affected traders had long positions, betting on a price increase.
BTC saw a collapse of over 16% over the past day, falling below $50,000 briefly, while ETH dropped by up to 25% before a minor recovery.
The sharp decline triggered a “fear” signal on the crypto fear and greed index, which hit its lowest point since early July. This index assesses volatility, prices, and social media sentiment to gauge market emotions, showing potential lows when fear prevails and highs when greed dominates.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
WTI Oil Price Forecast: Bulls lose momentum near $100
Under the energy shock, global central banks are restarting the tightening wave
SUI Proves Easy Asset to Trade Despite Extreme Volatility Making Altcoin Investing Tricky
The data center arms race extends to power infrastructure as Amazon signs a $8 billion, seven-year strategic agreement with Generac
Amazon has signed a generator supply agreement with Generac worth up to $8 billion over seven years. The first batch of orders, valued at $2.4 billion, will be delivered between 2027 and 2028, and long-term procurement will be further secured through warrants. Analysts predict that this agreement will enhance the certainty of Generac’s future earnings and demonstrates that the expansion of AI data centers is extending demand from chips and servers to power generation equipment and other electrical infrastructure.
Crypto prices
More
