ChainCatcher reported, citing Coinglass data, that total liquidations across the crypto market reached $124 million over the past 24 hours. Long positions accounted for $75.4552 million of the total, while short positions accounted for $48.2317 million, meaning liquidated longs were larger than liquidated shorts during the reported period.
By asset, BTC liquidations reached $14.476 million, while ETH liquidations reached $12.3676 million. The figures are based on Coinglass tracking of forced liquidations across crypto derivatives markets over the past 24 hours.
Liquidation generally refers to the forced closing of a leveraged position when available margin is no longer sufficient to maintain it. In this dataset, both long and short positions were liquidated, with BTC and ETH listed as the main assets specifically mentioned in the report.