According to ChainCatcher, Coinglass data shows that total crypto derivatives liquidations across the network reached $218 million over the past 24 hours. Long positions accounted for $119 million of the total, while short positions accounted for $98.9266 million. In derivatives trading, liquidation generally refers to a margin position being forcibly closed after it meets the exchange’s liquidation conditions.
For Bitcoin-related positions, long liquidations totaled $19.2225 million, while short liquidations totaled $28.8128 million. For Ethereum-related positions, long liquidations reached $18.4138 million, and short liquidations reached $13.4272 million. These figures describe the distribution of forced closures in BTC and ETH contracts during the 24-hour reporting window.
Coinglass data also shows that 98,460 traders worldwide were liquidated during the same 24-hour period. The largest single liquidation order took place on Binance in the BTCUSDT pair, with a value of $1.9305 million. The reported figures are based on Coinglass’s network-wide crypto contract liquidation statistics for the past 24 hours.