Sam Price: Over $1.2 Billion in Cryptocurrency Liquidations in 24 Hours

According to Twitter user Sam Price, over $1.2 billion in liquidations occurred in the cryptocurrency market in the past 24 hours, primarily concentrated in long positions. Ethereum accounted for approximately $350 million, while Bitcoin was close to $300 million. The price of Bitcoin briefly fell below $81,000 before rebounding to around $82,500. This liquidation led to the clearing of a large number of leveraged positions, and if support levels remain unchanged, the market may stabilize. However, if macroeconomic factors continue to exert pressure, the market may face further downside risks.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.