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Crypto market capitalization down by 8%

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Bitcoin (BTC) and Ethereum (ETH) price correction on Tuesday pushed the entire crypto market capitalization down by 8%, triggering $538 million in liquidated long positions.

Bitcoin accounts for about $192 million worth of total market liquidations. Three on-chain derivatives exchanges triggered more than $52 million in liquidation. Around $24 million in collateral liquidations are expected if Ethereum falls to $3,008. Bitcoin and Ethereum price correction on Tuesday pushed the entire crypto market capitalization down by 8%, triggering $538 million in liquidated long positions.

Total liquidations reached a combined $652.8 million of long and short orders from over 240,000 traders, according to data from Coinglass. Bitcoin , Ether , and Solana lead the 24-hour liquidation heatmap with over $192.15 million, $127.46 million, and $36.7 million, respectively. The largest CEX liquidation occurred in an OKX-BTC-USDT-SWAP worth $12.25 million.

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