Add as a preferred source on GoogleBitcoin Falls Below $82K as $406M in Long Positions Are Liquidated
Total crypto liquidations reached $488.61 million over 24 hours, affecting 118,142 traders as Bitcoin slid Monday evening.
Bitcoin (BTC) fell below $82,000 Monday evening as leveraged crypto traders faced $488.61 million in liquidations over 24 hours, with long positions accounting for most of the losses.
Long liquidations totaled $406.48 million, or 83.2% of the total, while short liquidations reached $82.14 million. The liquidations affected 118,142 traders.
Bitcoin traded at $81,780, down 2.28%, at 7:57 p.m. ET (23:57 UTC) Oct. 12. The largest single liquidation was a $9.65 million Bitcoin long position on Binance at $81,772.
Ether (ETH) led individual assets in liquidations with $115.19 million, followed by Bitcoin at $106.61 million and Solana at $26.97 million. Traders are also awaiting the U.S. consumer price index report scheduled for Wednesday, Oct. 14.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.