Crypto liquidations hit $747 million in 24 hours; 103,600 traders wiped out, CoinGlass shows
AI Market Summary
CoinGlass reports $747M in 24h crypto liquidations across ~103.6k traders, with shorts ($424.8M) exceeding longs ($322.5M). ETH saw the largest forced unwind (~$297M), followed by BTC (~$204M), highlighting elevated leverage and intraday volatility in perpetuals. The largest single event was a $20.28M ETHUSD liquidation on Hyperliquid, underscoring liquidity and risk-management stress.
Impact level
● Medium
Affected assets
ETH/USDT+3.10%
AI Insight · ETH/USDTAI Insight
● Neutral
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Crypto derivatives liquidations totaled $747 million over the past 24 hours, according to CoinGlass. About 103,600 traders were liquidated during the period. Short positions accounted for $424.80 million in losses, compared with $322.50 million on the long side. Ethereum took the largest hit with $296.97 million in liquidations, followed by Bitcoin at $203.95 million. The biggest single liquidation was a $20.28 million ETHUSD position on Hyperliquid.
