Bitcoin Leads $327M Crypto Liquidation Cascade in 24 Hours
The post Bitcoin Leads $327M Crypto Liquidation Cascade in 24 Hours appeared on BitcoinEthereumNews.com. Crypto News Crypto derivatives markets flushed roughly $326.58 million in leveraged positions over the past 24 hours, with Bitcoin (BTC) at the center of the deleveraging. Long positions absorbed most of the damage, accounting for $200.55 million, or 62% of the total, while short positions made up the remaining $125.5 million, or 38%. Our reading of the derivatives open-interest data points to a broad, fast unwind rather than a single directional blowout. As of the latest snapshot, Bitcoin trades near $62,000 and Ethereum (ETH) near $1,734, both softening as forced selling drained margin across major venues and pushed traders toward the exits. Venue-level data shows the liquidations were heavily concentrated. Over the most recent four-hour window, Binance processed the largest share at roughly $8.23 million, or 42.54% of the total, with short positions making up 57.84% of that figur