Crypto Liquidations Near $1 Billion as Bitcoin, Ethereum and XRP Fall. Here’s What Happened

About $942 million in leveraged crypto bets were liquidated in 24 hours, with longs making up 91.6% of the total. Ether traders took the biggest hit, with about $283 million to $286 million in liquidations. Bitcoin traded near $81,000, down roughly 3%, while ether fell more than 5% to about $2,350.