24-Hour Liquidation Overview
Coinglass data cited by ChainCatcher shows that total crypto liquidations across the market reached $174 million in the past 24 hours. Of that total, long liquidations accounted for $71.1399 million, while short liquidations came in higher at $103 million. The imbalance suggests that bearish leveraged positions faced heavier forced unwinds during the latest trading window. Over the same period, a total of 65,864 traders were liquidated globally, underscoring the degree of volatility in the derivatives market.
BTC and ETH Account for Major Liquidation Flow
Among the largest assets, Bitcoin recorded $9.7551 million in long liquidations and $22.1575 million in short liquidations. Ethereum posted even larger numbers, with $13.749 million in long liquidations and $34.7389 million in short liquidations. In both BTC and ETH, short-side liquidations exceeded long-side liquidations by a wide margin, indicating that traders positioned for downside were hit harder during the period. Ethereum, in particular, stood out for the scale of short liquidations relative to longs.
Largest Single Liquidation Occurred on Binance
The largest individual liquidation order in the past 24 hours took place on Binance - BTCUSDT, with a value of $2.7283 million. Set against the broader backdrop of 65,864 liquidated traders worldwide, this single order highlights how quickly high-leverage positions can be forced out during short-term market moves. The data referenced in this report comes from Coinglass, with the news first carried by ChainCatcher.