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Massive Liquidations Hit Long Positions in Crypto Market

Cryptocurrency Market Liquidations: Bitcoin and Ethereum Under Pressure

The cryptocurrency market is experiencing a period of high volatility, reflected in sharp price movements of major assets. Bitcoin is currently trading below the $84,000 mark.

Ethereum is also showing a decline, hovering around the $2,600 level. Over the last four hours, more than $400 million in long positions have been liquidated in the market.

Particular attention is drawn to the situation on the Binance exchange, where a major investor faced losses. A single order in the ETH/USDC pair resulted in the liquidation of a long position worth $26.64 million.

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