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According to data from Coinglass, in the past hour, the crypto market has witnessed liquidations worth 343 million USD. Of that, long orders accounted for 329 million USD and short orders liquidated were 13.3859 million USD. Notably, Bitcoin has been liquidated for a total of 122 million USD, while Ethereum reached a liquidation of 90.3395 million USD.
These numbers reflect strong volatility in the crypto market, as investors face significant risks from price reversals. In fact, liquidating hundreds of millions of USD in such a short time can create considerable psychological pressure on those participating in trading.