Data: In the past 24 hours, the entire network liquidated $62.5793 million, with long positions liquidating $22.3342 million and short positions liquidating $40.245 million

2025-12-28 by admin

ChainCatcher news, according to Coinglass data, the total liquidation across the network in the past 24 hours was $62.5793 million, with long positions liquidated at $22.3342 million and short positions liquidated at $40.245 million. Among these, Bitcoin long positions were liquidated at $4.5539 million, Bitcoin short positions at $1.3734 million, Ethereum long positions at $1.6273 million, and Ethereum short positions at $3.0941 million.

Additionally, in the last 24 hours, a total of 50,034 people globally were liquidated, with the largest single liquidation order occurring on Binance – BTCUSDT worth $2.4056 million.

BlockBeats News, December 29 – According to a report by Cointelegraph, a proposal in California to impose a 5% tax on billionaires' wealth has faced strong opposition from cryptocurrency executives. They argue that it would trigger an exodus of entrepreneurs, capital flight, and ultimately be wasted regardless.The proposal, named the '2026 Billionaire Tax Act,' aims to introduce a ballot measure that would levy a 5% tax on individuals or entities with a net worth exceeding $1 billion to fund healthcare systems and state assistance programs. According to SEIU United Healthcare Workers West, because this proposed wealth tax partially targets unrealized gains, some billionaires may need to sell stocks or parts of their businesses to raise funds for tax payments. The tax can be paid in a lump sum or spread over five years with interest.Industry veterans in the cryptocurrency sector, including Bitwise CEO Hunter Horsley and Kraken co-founder Jesse Powell, believe that this measure would only lead to billionaires leaving the state, resulting in negative consequences.