Long liquidations hit $562 million in 24h

Yesterday, the market recorded the highest daily number of liquidations since June 13, 2022. Long liquidations reached $562 million in just 24 hours.

Most of these losses were in the BTC and ETH markets. However, total long liquidations in other altcoins reached as much as $144 million. The reason is the collapse of Bitcoin’s upward price structure and its sharp decline.