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Crypto market$2.66T+0.3%24h breadth74 up174 downBitcoin$77,888+0.5%Ethereum$2,264+0.5%Solana$94−1.4%XRP$1.25−0.1%BNB$708+0.8%Top gainersRAIN$0.0070+11.9%FLOCK$0.040+11%TRUMP$1.70+7.5%Top losersRUNE$0.570−15.9%AWE$0.062−15.6%XPL$0.071−13.6%StocksNVDA$205−4.2%TSLA$400−0.9%AAPL$345−1.2%MSFT$522−1.6%COIN$144−10.6%
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Crypto market sees $132M in liquidations as long positions dominate losses

Crypto market sees $132M in liquidations as long positions dominate losses

Rapid intraday declines force widespread long position closures as Bitcoin and Ethereum lead the latest market downturn.

by Estefano Gomez

1 min read

In Finance

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More than $132 million in liquidations were triggered in the past hour as the broader crypto market moved sharply lower, with Bitcoin falling to the $85,000 level on Monday midday and setting off a wider sell-off across major assets.

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Bitcoin and Ethereum led the liquidation activity as the downturn forced traders to unwind leveraged positions at an accelerated pace. Most of the losses came from long positions, which accounted for $124 million of the total, while short liquidations totaled $8 million.

At press time, Bitcoin is trading near $84,500, and Ethereum is near $2,720, as selling pressure continues to weigh on the market.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

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