Crypto Liquidations Reach $423 Million in 24 Hours as Both Longs and Shorts Are Hit

According to BlockBeats on June 17, Coinglass data shows that total liquidations across the crypto market reached $423 million over the past 24 hours. Of that amount, long positions accounted for $244 million, while short positions accounted for $179 million.

The figures indicate that both sides of the derivatives market were liquidated during the period. In leveraged trading, liquidation generally occurs when a position no longer has sufficient margin and is forcibly closed by the trading platform. Based on the Coinglass breakdown, long liquidations were larger than short liquidations, though short positions also recorded a significant $179 million in forced closures.