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Cryptocurrency Market Sees Nearly $1.9 Million in Liquidations Within 90 Minutes
A sharp market movement unfolded over the past 90 minutes as crypto liquidations reached approximately $1.89 million across the derivatives market. The liquidation wave hit multiple digital assets, with ZEC, FLOW, BTC, SUI, MON, and XPL among the most affected cryptocurrencies.
Breaking down the activity, long positions accounted for the majority of the sell-off, representing $1,300,729 in liquidations. Short positions contributed an additional $589,685 to the total crypto liquidations, reflecting the mixed directional pressures across the market. This concentrated volatility highlights the leverage dynamics at play as traders faced rapid price movements in a relatively short timeframe.