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24-Hour Clearing and Liquidation 🩸
In the past day, the total market liquidation reached $118.38 million, with long positions accounting for the majority at $97.75 million, while short liquidations were relatively small at approximately $2.062 million.
Let's see who got hit the hardest—
🏆 ETH leads the liquidation chart: A major exchange liquidated $28.8 million in Ethereum USDT trading pairs, around the price of $3,175.
🥈 BTC follows closely: The same platform liquidated $19.2 million in Bitcoin USDT pairs, with the price around $92,827.
🥉 DOGE was not spared: Dogecoin USDT trading pairs with a position of $16.5 million were stopped out at a price of 0.127.
Long positions are under obvious pressure, highlighting the risks faced by leveraged traders.