A sharp move higher in Bitcoin pushed crypto derivatives traders into one of the largest liquidation waves in the past day, with short sellers taking the bulk of the damage. According to CoinGlass, total liquidations across the crypto market reached about $1.345 billion over the last 24 hours, affecting 105,370 traders. Of that amount, roughly $1.191 billion came from short positions, while long liquidations stood at about $153 million.
Among exchanges, Binance recorded the largest liquidation volume at around $559 million, followed by Bybit at $311 million, Gate at $111 million, and Bitget at $101 million. Most of the forced closures were short positions. Bitcoin and Ether contracts saw the biggest liquidation totals during the move, with BTC short liquidations hitting about $662 million over 24 hours and ETH short liquidations reaching about $366 million. CoinGlass data also showed that in just the past hour, total crypto liquidations came to about $1.194 billion, including about $1.116 billion in shorts and $77.51 million in longs, leaving shorts with a 93.51% share.
PANews reported on Aug. 19, citing CoinGlass, that total liquidations across the crypto market reached about $1.345 billion in the past 24 hours, affecting 105,370 traders. Short positions accounted for roughly $1.191 billion of the total, while long liquidations came in at about $153 million.
Binance, Bybit, Gate and Bitget led liquidation volumes
By exchange, Binance posted the largest liquidation amount at about $559 million. Bybit followed with around $311 million, while Gate and Bitget recorded about $111 million and $101 million, respectively. Most of the forced liquidations were short positions.
BTC and ETH contracts took the biggest hit
Bitcoin and Ether contracts saw the largest liquidation totals during the rally. Over the past 24 hours, BTC short liquidations reached about $662 million, while ETH short liquidations totaled about $366 million, pointing to a concentrated unwind of high-leverage bearish bets as prices moved higher.
Shorts made up 93.51% of liquidations in the past hour
In the past hour alone, total crypto liquidations were about $1.194 billion. Shorts accounted for about $1.116 billion, compared with roughly $77.51 million for longs, giving short liquidations a share of about 93.51%.
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