Crypto markets get $864 million liquid in 24 hours
Key receivers
Crypto markets experienced more than $864 million in liquidity in 24 hours, affecting more than 241,000 traders. Bitcoin and Ethereum were hit the hardest, with $229 million and $153 million in outflows, respectively.
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Crypto markets have experienced high volatility over the past 24 hours, with liquidity exceeding $864 million, according to CoinGlass.
The event affected more than 241,000 traders and long positions bore the brunt of the losses. Long positions took most of the damage, totaling around $782 million.
The total crypto market capitalization has slipped to around $3.2 trillion, per CoinGecko.
Bitcoin fell from over $95,000 to $92,000, resulting in a loss of $229 million. Ethereum followed with $153 million in liquidity. The biggest single loss was a $25.8 million BTC-USDT position on Hyperliquid.
The crypto market was lower in the new week as geopolitical tensions escalated following President Trump's threat of tariffs on Denmark and key European partners over the Greenland dispute.
The plan includes a 10% tariff to be implemented in February, rising to 25% in June if negotiations fail. Trump argued that these countries have been taking advantage of America for a long time. protection and He said Greenland was critical to countering growing foreign influence and supporting the “Golden Dome” missile defense system.
