Important points
- In 24 hours, $526 million was liquidated from the cryptocurrency market, affecting more than 154,000 traders.
- The highest single liquidation order was $11 million on Hyperliquid’s HYPE-USD pair.
The cryptocurrency market saw around $526 million in liquidations in the past 24 hours, affecting more than 154,000 traders.
Long positions accounted for $372 million of the total, while short positions accounted for $154 million. A single liquidation order occurred on Hyperliquid’s HYPE-USD pair, with a value of $11 million.
The wave of liquidations reflected increased volatility across major crypto assets, particularly Bitcoin. The digital asset briefly rose to $90,000 today, but has since fallen to around $85,000.
Investors are reacting to concerns about the U.S. unemployment rate and the Bank of Japan’s outlook for interest rate hikes, creating a difficult backdrop for further market gains.
