Crypto Liquidations Reach $400 Million as Binance Hack Pressures Bitcoin, Ethereum and Solana

TLDR Crypto liquidations reached $397.74 million in 24 hours, with 91,383 traders hit and longs making up 76.8%. Binance lost about $6.3 billion in a hot wallet hack, and about $3 billion has been frozen. Bitcoin traded near $77,000, about 38.8% below its record high. Spot Bitcoin ETFs saw $643.33 million in net outflows on Friday. Intel fell about 25% and Nasdaq-100 futures dropped 2.3% after Amazon raised its spending forecast. Crypto liquidations reached $397.74 million over the past 24 hours as Bitcoin traded near $77,000 on Saturday. The selling follows a $6.3 billion hack at Binance, the world’s largest crypto exchange by trading volume. CoinGlass data shows 91,383 traders were liquidated. Long positions made up 76.8% of the total, or $305.30 million, while shorts accounted for $92.43 million.

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