The crypto market liquidated over $624 million worth of leveraged positions in the past 24 hours, 83% of which were long positions.
The cryptocurrency market could see over $212 million of leveraged long positions liquidated if Ether's (ETH) price falls below the $3,100 mark.
Ether dropped 9.3% to $3,254 in the 24 hours leading up to 10.40 am UTC. Ether is down over 18% on the weekly chart and falling to $3,100 would wipe over $212 million worth of long leverage, according to Coinglass data.
If Ether falls below the psychological $3,000 level, liquidations would reach $237 million.
