ChainCatcher reported, citing Coinglass data, that total liquidations across the crypto market reached $578 million over the past 24 hours. Long positions accounted for $496 million of that amount, while short positions accounted for $82.415 million. Within this reporting window, liquidations from long positions were substantially larger than those from short positions.
Bitcoin and Ethereum Liquidation Breakdown
By asset, Bitcoin long liquidations totaled $173 million, while Bitcoin short liquidations stood at $18.3288 million. Ethereum long liquidations reached $118 million, and Ethereum short liquidations totaled $18.8189 million. For both Bitcoin and Ethereum, the value of long liquidations was higher than the value of short liquidations.
Coinglass data also showed that 138,834 traders worldwide were liquidated during the latest 24-hour period. The largest single liquidation order occurred on Binance - ETHUSDT, with a value of $7.4075 million.