Crypto Market Records $435M in Liquidations Over 4 Hours, Longs Account for $424M

The cryptocurrency market recorded $435 million in total liquidations during a 4-hour window on December 1, with long positions accounting for $424 million and short positions for $11.43 million, Coinglass data show. Over the past 24 hours, 179,416 traders were liquidated with total losses reaching $535 million. The largest single liquidation order occurred on Binance's ETHUSDC pair, valued at $14.48 million.