Crypto Market Volatility Surges as Bitcoin Options Expiry Looms, Mt. Gox Sells

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BTC saw $28.44 million in liquidations, driven by Mt. Gox’s compensation payouts.
ETH faced $35.91 million in liquidations; Solana and Binance Coin also saw significant drops.
A total of 232,965 traders liquidated positions totaling $673.18 million in 24 hours.

Centralized exchanges saw liquidations totaling $85 million in the past hour as Bitcoin faced heavy selling pressure linked to Mt. Gox’s customer compensation, according to data. Long positions liquidated during this period accounted for $75.18 million, while short positions totaled $9.93 million.

Data from Coinglass shows that Binance recorded the largest single liquidation after closing an ETH/USDT position valued at $18.48 million. The exchange’s total liquidations reached $42.89 million, with $38.37 million in long positions and $4.52 million in short positions. This figure is the highest recorded by an exchange in the time frame.

OKX experienced $21.94 million in liquidations, with longs at $17.87 million and shorts at $4.08 million, resulting in 81.43% of liquidations coming from long positions.

Furthermore, Huobi had $10.77 million in liquidations, predominantly from long positions ($10.61…

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