Liquidation Overview: Balanced Bloodbath
Data from Coinglass reveals that total liquidations across the crypto market reached $286 million in the last 24 hours. Long positions accounted for $145 million, while short positions made up $141 million, reflecting a near-equal split. This pattern suggests severe two-way volatility that forced both bullish and bearish leveraged positions to close simultaneously. The high number of liquidations—75,515 individuals—points to widespread over-leveraging in a volatile market.
Bitcoin and Ethereum Breakdown: ETH Bears Hit Harder
Breaking down by asset, Bitcoin long liquidations totaled $38.52 million, with shorts at $35.95 million, a relatively balanced outcome. However, Ethereum saw short liquidations of $45.42 million versus only $32.41 million in longs, indicating a stronger upward or sideways movement that caught short sellers off guard. The largest single liquidation order occurred on Hyperliquid, in the DRAM-USD trading pair, valued at $4.6984 million, highlighting extreme risk in highly leveraged trades. Such large individual positions can amplify market dislocations when margins are breached.