In one hour, Bitcoin saw liquidations amounting to 32.31 million USD, with long positions contributing 31.03 million USD. This reflects a stunning 3,100% imbalance towards long positions.
Across the crypto market, total liquidations reached 483.01 million USD in 24 hours. Ethereum followed with 19.36 million USD, while other altcoins faced significant liquidations as well.
Bitcoin’s price briefly surged past 104,800 USD before falling below 103,000 USD, reflecting a complex market reaction with a 10-to-1 ratio in favor of long liquidations.
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