Bitcoin, ether whipsaw wipes out $280 million even as prices remain flat over 24 hours
Cryptocurrency markets experienced $286 million in liquidations as Bitcoin and Ether prices remained volatile despite flat overall performance. The market turbulence was exacerbated by Federal Reserve rate decisions and a broader selloff in semiconductor-related equity derivatives.
About $286 million in positions were liquidated across 87,294 traders in 24 hours, according to CoinGlass, while bitcoin closed flat at roughly $63,900 and ether slipped to $1,900. Longs accounted for $186 million of the damage and shorts $100 million, the signature of a market that moved hard in both directions and settled back where it started.
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