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Crypto liquidations total $1.22B in 24 hours

Created at 2 Jun · 3:57 PM1 source↑ Market-relevant
IN SHORT

In the past 24 hours, cryptocurrency liquidations reached $1.22 billion, affecting 196,661 traders. The largest single liquidation order was a $27.49 million BTC-USD on Hyperliquid.

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Key Numbers

$1.22Btotal 24-hour liquidations
196,661traders liquidated
$27.49Mlargest single liquidation order

Who's Involved

Hyperliquid
Platform where the largest liquidation order occurred

↳ Why This Matters

Large liquidation figures often indicate significant price volatility and can exacerbate downward price pressure as forced selling occurs.

Key facts

  • Total cryptocurrency liquidations over 24 hours reached $1.22 billion.
  • 196,661 traders were liquidated.
  • The largest single liquidation order was $27.49 million BTC-USD on Hyperliquid.

In the last 24 hours, the cryptocurrency market saw significant liquidations totaling $1.22 billion. This event impacted 196,661 traders. The most substantial single liquidation was a $27.49 million BTC-USD order executed on the Hyperliquid platform.

Frequently asked questions

Crypto liquidations occur when a trader's position is forcibly closed by an exchange due to insufficient margin to cover losses, often triggered by sharp price movements.

The provided text does not specify the exact cause, but large liquidation figures typically result from significant price volatility in the underlying assets.

Hyperliquid is a decentralized perpetual exchange platform where the largest single liquidation order in this period was recorded.

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Cadence

How It Developed

2 Jun · 3:40 PM
Over the last 24 hours, 196,661 traders were liquidated, totaling $1.22 billion.
@martypartymusic via PiQSuite

Sources

T1
Liquidations 24hr: $1.22b 196,661 traders were liquidated, the total liquidations comes in at $1.22 billion. The largest single liquidation order happened on Hyperliquid - BTC-USD value $27.49M.@martypartymusic via PiQSuite

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