Ethereum and Solana Liquidation Market Drops by 7%

Sunday Liquidations Shocked the Market

On Sunday, nearly 1 billion dollars worth of crypto positions were reported to be liquidated within 24 hours. This situation led to a wave of selling, primarily affecting Ethereum, other major tokens, and high beta altcoins.

Ethereum was the asset that experienced the most loss, with approximately 385 million dollars in liquidations. In second place was Bitcoin, with around 188 million dollars in losses. Solana and XRP also faced losses of more than 45 million dollars each.

Reasons for Market Conditions

The liquidations mostly occurred due to the closure of long positions. This situation was also reflected in tokenized silver. Low liquidity conditions and a mechanical reset in leverage show that investors are not panicking, but the direction of the market depends on how quickly the risk is rebuilt.