.Coinglass_com data shows Crypto market liquidations have topped $385m as sell-off spreads
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Unusually, this liquidation has seen both Bitcoin and Ethereum jostle for the lead among the most liquidated tokens. In the past 24 hours, a total of $49.87 million worth of BTC has been liquidated, while the liquidated Ethereum tokens are pegged at $45.96 million. While Bitcoin's liquidation surpassed that of Ethereum in the 24 hour period, the tides appear to have shifted, with the latter now taking the lead in the hours before writing. Overall, more long traders were liquidated with the amount coming in at $343.1 million, with short liquidations accounting for just $42.79 million of the total figure.The more than $385 million recorded in total liquidations can be tagged as the biggest the industry has recorded in weeks.
The trigger for this current liquidation is even more pronounced as the United States Securities and Exchange Commission
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