Crypto Liquidations Top $1.1 Billion as Bitcoin, Ethereum and Solana Prices Spike
Summary
Crypto markets experienced significant volatility, leading to $1.12 billion in liquidations over 24 hours. Short positions accounted for $777 million of this, with Ethereum traders facing the most losses at $439 million due to a 25% price surge, reaching $2,448. This rise coincided with the Pectra network upgrade. Bitcoin also saw a 5% increase, surpassing $100,000, with $307 million in liquidations. Solana and Dogecoin rose by 12% and 11%, respectively, with Solana experiencing $40 million in liquidations. The largest single liquidation involved a $11.97 million loss on a Bitcoin short position.
