Bitcoin surged to nearly $73,000 before reversing to $69,200, leading to liquidations totaling $289.93 million in 24 hours. This affected 96,574 traders, with Coinglass data showing long positions suffered the most.
The largest single liquidation order was on Binance’s BTCUSDT pair, valued at $11.26 million. Bitcoin led in liquidation volume at $89.72 million, followed by Ethereum at $45.21 million. Other cryptocurrencies totaled $47.07 million in liquidations. Binance had the highest exchange liquidations at $115.6 million, primarily from long positions.
Bybit and OKX followed with $5.33 million and $5.19 million liquidations, respectively. Long positions accounted for $259.21 million in liquidations, while short positions accounted for $30.72 million.
