![$200 million liquidated in 24 hours as Bitcoin rises to $65k then falls](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2024/07/bitcoin-liquidations.jpg&w=70&h=37&q=75)
$200 million liquidated in 24 hours as Bitcoin rises to $65k then falls
Binance leads liquidation surge with $101 million as Bitcoin hits $64,000
In the past 24 hours, a total of $208.8 million in liquidations occurred across the crypto market. The activity affected 67,621 traders, with the most significant single liquidation order, valued at $5.42 million, taking place on Binance for the BTCUSDT pair, according to Coinglass.
![24 hours liquidations (Coinglass)](https://cryptoslate.com/wp-content/uploads/2024/07/Screenshot-2024-07-16-at-10.00.42.png)
Long liquidations accounted for $91.73 million, while short liquidations were slightly higher at $116.78 million. Bitcoin saw $68.71 million in liquidations, followed by Ethereum with $40.27 million. Among exchanges, Binance led with $101.73 million in liquidations, followed by OKX at $56.90 million and Bybit with $19.06 million.
More shorts were liquidated yesterday evening as Bitcoin rose toward $64,000. However, a retracement to around $62,700 saw longs liquidated early this morning.
![Total liquidations June - July (Coinglass)](https://cryptoslate.com/wp-content/uploads/2024/07/Screenshot-2024-07-16-at-10.01.11.png)
The $116 million short liquidation was one of the largest in the past month, with July 8 being the highest at around $154 million.