Major cryptocurrencies had a mixed trading day on Christmas. Cryptocurrency traders who bet on shorts didn’t have a good day today.
What Happened: According to CoinGlass data, over the last 24 hours over $80 million worth of shorts were liquidated with Solana, taking the first place in short liquidations.
A total of 56,997 traders were liquidated within this period, leading to a whopping $129.00 million in total liquidations.
The largest single liquidation order occurred on Huobi where the value of SOL-USDT was $2.17M.
It is worth noting that CoinGlass’s heat map indicates that SOL short traders were the most affected with over $13 million in SOL shorts being liquidated. Interestingly, SOL has ...