According to data provided by Coinglass, total crypto liquidations increased by 150% in the last 24 hours, reaching $174 million. Due to the market-wide correction, long positions worth $111 million were liquidated. During the same period, short positions worth $62.8 million were also liquidated.

According to Coinglass data, Bitcoin leads the liquidation chart with $49.5 million. Of this amount, $27.9 million consists of long positions and $21.5 million consists of short positions. Ethereum follows Bitcoin closely with a liquidation of $36.6 million. Ethereum’s liquidations consist of $27 million in long positions and $9.6 million in short positions.

One notable development during this period was that Bitcoin price briefly touched a local peak of $68,480 at approximately 01:00 UTC. However, the price soon dropped to $67,700. At the time of writing, Bitcoin was trading at $67,100. While this volatility created concern among investors, it once again revealed how sensitive the market is.

According to Coinglass data, the largest Bitcoin liquidation in the last 24 hours was worth $ 10.95 million and took place on Binance. Binance currently has the largest share of liquidations in the last 24 hours, with almost $84 million worth of liquidations taking place.

66.7% of these liquidations consist of long positions. After Binance, OKX ranks second with $54 million in liquidations. These data are important as they show how major exchanges react to market fluctuations and how quickly investors liquidate their positions.

According to CoinGecko data, global crypto market capitalization reached $2.6 trillion at approximately 00:30 UTC. This level was last seen on June 12. However, the market quickly received backlash from investors and the total amount fell to $2.56 trillion. This sudden decline once again revealed how sensitive and speculative the market is.

At this point, investors and traders began speculating on Vice President Kamala Harris’ cryptocurrency stance and how potential vice presidential candidates might impact the cryptocurrency ecosystem.

It is thought that Harris’ attitude and future policies towards the cryptocurrency market may have significant effects on the market. In particular, the stances of Harris’ possible vice presidential candidates on financial regulations are closely watched by investors. This uncertainty could lead to greater volatility in the cryptocurrency market and influence investors’ decisions.

Macroeconomic developments such as the market-wide correction and President Biden’s withdrawal have resulted in significant increases in cryptocurrency liquidations. Liquidations of major cryptocurrencies such as Bitcoin and Ethereum provide important information about the overall health of the market and investor confidence.

Vice President Harris’ political stance and possible vice presidential candidates’ attitudes towards the cryptocurrency market may have significant effects on the market in the coming period. Therefore, investors and market observers continue to follow the developments closely.