Crypto derivatives markets saw $709 million in liquidations over the past 24 hours, according to data from Coinglass cited by ChainCatcher. Long positions accounted for the vast majority of the total at $647 million, while short liquidations came in at $61.9442 million.
Bitcoin liquidations included $172 million in longs and $12.1436 million in shorts. Ethereum posted even larger long-side losses, with $236 million in long liquidations and $15.5148 million in shorts.
Coinglass data also showed that 122,768 traders were liquidated globally during the same period. The largest single liquidation order was recorded on Binance in the ETHUSDC trading pair, with a value of $26.6438 million. The figures reflect a sharp wipeout concentrated on leveraged long positions across the market.
Crypto markets saw $709 million wiped out in liquidations over the last 24 hours, based on Coinglass figures cited by ChainCatcher. Most of that hit longs: $647 million. Shorts came in far lower, at $61.9442 million.
Bitcoin and Ethereum liquidation breakdown
Bitcoin longs took $172 million in liquidations, while shorts came to $12.1436 million. Ethereum got hit even harder on the long side at $236 million, with short liquidations at $15.5148 million.
Trader count and largest order
In that same 24-hour window, 122,768 traders were liquidated across the world. And the biggest single liquidation order showed up on Binance in ETHUSDC, worth $26.6438 million.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
