"The Largest Long Position Liquidation in the Current Bull Market... $405.8 Million Scale"

Son Min

Summary

It was reported that a Bitcoin long position liquidation occurred at a scale of $405.8 million in the current bull market.
The overall market long position liquidation scale reached $1.21 billion, creating an atmosphere of fear among investors.
It was reported that Bitcoin and Ethereum prices are trading down 9.57% and 18.95%, respectively.

It has been revealed that the largest Bitcoin (BTC) long (buy) position liquidation occurred in the current bull market.

On the 7th (local time), an Avocado CryptoQuant contributor stated on X, "The largest long position liquidation in history occurred during this bull cycle," adding, "The scale of recent long position liquidations is gradually expanding. A definite atmosphere of fear is being created in the market."

Meanwhile, according to CoinGlass data, a total of $1.38 billion worth of futures positions were liquidated in the virtual asset (cryptocurrency) market over the past 24 hours. Of this, long positions accounted for $1.21 billion. During the same period, Bitcoin saw a long position liquidation of $405.8 million. In the case of the leading altcoin Ethereum (ETH), a long position liquidation of $342.7 million occurred.

As of 4:51 PM, Bitcoin and Ethereum are trading at $75,150 and $1,459, respectively, down 9.57% and 18.95% compared to 24 hours ago on the Binance USDT market.

BTC

ETH