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Ethereum (<a href="https://crypto.news/price/ethereum/" rel="">ETH</a>) liquidations surpass Bitcoin’s (<a href="https://crypto.news/price/bitcoin/" rel="">BTC</a>) for the second time over the past seven days. 
According to <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="">data</a> provided by Coinglass, global crypto liquidations reached $195.11 million in the past 24 hours. ETH is currently sitting on top with a total of $64.75 million in liquidations — $57.18 million longs and $7.57 million shorts. 
Bitcoin comes in second with $46.74 million in liquidations over the past day — $32.85 million longs and $13.89 million shorts. 
Per the data, the dominating long-position liquidations surface as the global cryptocurrency <a href="https://crypto.news/markets/" rel="">market</a> sees correction — with the total market capitalization falling from $2.53 trillion to $2.46 trillion over the past day. 
This is the second time over the past week that Ethereum’s liquidations surpassed Bitcoin. On May 1, ETH witnessed $91.76 million in liquidations while BTC’s hovered at $68.51 million.&nbsp; 
 You might also like: <a href="https://crypto.news/bitcoin-jumps-above-65k-amid-fed-report-etf-inflows/" rel=""> Bitcoin jumps above $65k amid Fed report, ETF inflows </a> 
Moreover, the total crypto open interest declined by 2.12% in the past 24 hours and is currently sitting at $57.17 billion, per Coinglass data. 
According to data from Santiment, the BTC total open interest dropped from $10.45 billion to $10.21 billion over the past 24 hours. The Bitcoin price also registered a 1.5% fall in the same timeframe and is trading at $64,200 at the time of writing. 
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 <img loading="lazy" decoding="async" width="1024" height="347" src="https://crypto.news/app/uploads/2024/05/Bitcoin-BTC-13.56.05-07-May-2024-1024x347.png" alt="ETH liquidations surpass Bitcoin’s following fall below $3,200 - 15"> 
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 BTC price, ETH price and open interest data – May 7 | Source: Santiment
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Data from the market intelligence platform shows that the ETH open interest recorded a 1.7% decline over the past day and is hovering at $4.89 billion. <a href="https://crypto.news/michael-saylor-ethereum-altcoins-are-unregistered-crypto-securities/" rel="">Ethereum</a> is down by 2.7% in the past 24 hours and is trading at $3,110 at the reporting time. 
With the fall of the global <a href="https://crypto.news/learn/what-is-cryptocurrency/" rel="">cryptocurrency</a> open interest, lower price volatility would usually be expected for the leading digital assets. 
 Read more: <a href="https://crypto.news/michael-saylor-ethereum-altcoins-are-unregistered-crypto-securities/" rel=""> Michael Saylor: Ethereum, altcoins are unregistered crypto securities </a>

ETH liquidations surpass Bitcoin’s following fall below $3,200

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