Crypto Liquidations Hit $330M in 4 Hours; Single BTC Long Liquidated for $11.58M on Binance

Crypto markets saw $330 million in liquidations over 4 hours on December 16, with longs accounting for $307 million and shorts $23.2 million, Coinglass data show. A single long position was liquidated for $11.5819 million on Binance when BTC fell to $86025.37, marking the largest liquidation in the past 24 hours.