24-Hour Liquidation Overview
According to Coinglass data, the total amount liquidated across the crypto market in the past 24 hours reached $174 million. Of that total, long liquidations came in at $71.1399 million, while short liquidations totaled $103 million. The distribution shows that bearish positions absorbed the larger share of forced closures during the latest market move. In practical terms, the short side experienced heavier liquidation pressure as volatility swept through major derivatives markets.
The data points to a market environment in which leveraged positioning remained vulnerable across core trading pairs. While the headline total was spread across the broader market, the imbalance between long and short liquidations suggests that recent price action moved sharply enough to catch a meaningful number of short traders off guard.
BTC and ETH Liquidation Breakdown
Looking at the two largest crypto assets, Bitcoin recorded $9.7551 million in long liquidations and $22.1575 million in short liquidations. Ethereum saw $13.749 million in long liquidations and $34.7389 million in short liquidations. In both BTC and ETH, short liquidations exceeded long liquidations by a clear margin.
Among the two, Ethereum posted the larger short-side liquidation figure, indicating that ETH derivatives were a major contributor to the broader liquidation tally. Bitcoin also showed a similar pattern, though with a smaller absolute amount than Ethereum on both the long and short sides. Together, the two assets accounted for a significant portion of the day’s forced unwinds.
Number of Liquidated Traders and Largest Order
Over the same 24-hour period, a total of 65,864 traders were liquidated globally. The largest single liquidation order occurred on Binance - BTCUSDT, with a value of $2.7283 million. This highlights how liquidation activity remained concentrated in the most liquid and most heavily traded perpetual markets, especially around benchmark pairs such as BTCUSDT.
The concentration of the largest order on Binance’s BTCUSDT market is consistent with the role of major centralized exchanges in absorbing leveraged trading flow. When volatility accelerates, these venues often become the focal point for large-scale forced position closures.
Source and Data Reference
The figures were cited by ChainCatcher based on Coinglass data. Source URL: https://www.chaincatcher.com/newsflash/2274873