Coinglass data shows $285 million in total liquidations over the past 24 hours, with long positions accounting for $171 million and shorts $114 million. Ethereum long losses neared $50 million, 111,425 traders were liquidated, and the largest single order was $6.28 million.
According to data from Coinglass, the crypto market saw massive liquidations over the past 24 hours, totaling $285 million. Long positions accounted for $171 million, while shorts suffered $114 million, indicating a dominance of long liquidations at approximately 60% of the total.
Coinglass, a leading derivatives data platform, frequently uses liquidation figures as a market sentiment gauge. Breaking down by asset, Bitcoin long liquidations reached $41.386 million vs. $6.828 million in shorts; Ethereum saw $49.25 million in long liquidations and $10.774 million in shorts, with ETH long losses approaching $50 million, far exceeding Bitcoin. Additionally, 111,425 traders globally were liquidated, and the largest single liquidation order occurred on Binance's HUSDT pair, valued at $6.2878 million.
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