Crypto Sell-Off Triggers $860 Million in Long Liquidations in 24 Hours

A broad sell-off across crypto markets liquidated $860 million in long positions over 24 hours, with falling prices across several tokens leaving those positions responsible for most of the forced closures. Bitcoin (BTC) traded at $80,654, down 3.13% over 24 hours, while Ether (ETH) fell 6% to $2,350. Solana (SOL) declined 5% to $101.8, and Litecoin (LTC) dropped 6.2% to $57.8. The largest listed declines were in OP, down 16%, JTO, off 13.6%, and RAY, down 13%. Liquidations across the market totaled $935 million during the same period. Long positions accounted for $860 million; short positions made up $75.25 million.

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