Crypto liquidations hit $1.03B in 24 hours as shorts take the brunt
AI Market Summary
Coinglass data show $1.03B liquidations in 24 hours, heavily skewed to shorts ($840M vs $190M longs). BTC shorts accounted for $536M, far exceeding BTC long liquidations ($73.38M), with ETH shorts also elevated ($145M). The imbalance signals a short squeeze and forced deleveraging, increasing near-term volatility while shifting positioning more defensively after crowded short exposure was cleared.
Impact level
● High
Affected assets
BTC/USDT+5.21%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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ChainCatcher cited Coinglass data showing $1.03 billion in total liquidations across the market over the past 24 hours. Long liquidations came in at $190 million, while short liquidations reached $840 million.
By asset, Bitcoin saw $73.38 million in liquidated longs and $536 million in liquidated shorts. Ethereum recorded $37.54 million in liquidated longs and $145 million in liquidated shorts.
Coinglass also reported 135,394 traders were liquidated globally during the period. The largest single liquidation was a $20.86 million BTCUSD position on Hyperliquid.
