Data from Coinglass showed that total crypto liquidations across the market reached $61.61 million over the past hour. Short positions accounted for the vast majority of that figure, with $59.17 million liquidated, while long positions saw $2.48 million wiped out. BTC alone recorded $37.64 million in liquidations during the same period. That means Bitcoin represented more than 60% of all liquidations recorded market-wide in the past hour. The figures point to a liquidation wave led mainly by short positions, with BTC taking the largest share of the total.
Coinglass data shows total liquidations across the crypto market hit $61.61 million in the past hour, and short positions made up most of it.
Break it down, and short liquidations were $59.17 million, while long liquidations stood at $2.48 million.
BTC alone accounted for $37.64 million in liquidations over that same stretch. That was more than 60% of the market-wide total.
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