Coinglass: Crypto Liquidations Hit $180 Million in 24 Hours, Led by Shorts

BlockBeats reported on June 20, citing Coinglass data, that total liquidations across the crypto market reached $180 million over the past 24 hours. Of that amount, long liquidations stood at $57.18 million, while short liquidations reached $123 million.

The figures show that short positions made up the larger share of the latest 24-hour liquidation total. In crypto contract trading, liquidation generally refers to the forced closing of a leveraged position when margin is no longer sufficient to maintain it. Based on the Coinglass data, short liquidations were more than twice the size of long liquidations during the reporting window.