$160 million liquidated in Bitcoin and Ethereum longs in 1 hour

BTC/USD COINBASE:BTCUSD

Robert28187

Bitcoin and Ethereum prices struggle to move past resistance as the crypto market downturn forces $160 million in liquidations.

95% of the liquidations are in long positions in Bitcoin and Ethereum .

Bitcoin and Ethereum prices witnessed a 9% drop overnight as $160 million in BTC and ETH positions were liquidated within an hour.

Based on data from Coinglass, a crypto data analytics firm, 95% of the liquidations occurred in long orders.

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