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Crypto Markets Experience $864M in Liquidations in 24 Hours
Source: CryptoBriefing Original Title: Crypto markets experience $864M in liquidations in 24 hours Original Link:
Market Overview
Crypto markets experienced sharp volatility in the last 24 hours, with liquidations exceeding $864 million. The event impacted more than 241,000 traders, with long positions bearing the brunt of the losses, totaling about $782 million.
Price Impact and Liquidation Details
The total crypto market capitalization slid nearly 3% to around $3.2 trillion.
Bitcoin fell from above $95,000 to near $92,000, leading to liquidation losses of $229 million. Ethereum followed with $153 million in liquidations. The largest single loss was a $25.8 million BTC-USDT position on Hyperliquid.
Market Catalyst
The crypto market declined into the new week amid rising geopolitical tensions. International trade policy announcements, including proposed tariff measures set to take effect in February with potential escalation to higher levels in June if negotiations fail, contributed to broader market uncertainty and risk-off sentiment across asset classes.