According to ChainCatcher, citing Coinglass data, total liquidations across the crypto market reached $324 million over the past 24 hours. Long positions accounted for $189 million of that amount, while short positions accounted for $135 million. Liquidation refers to the forced closing of leveraged positions when margin is insufficient, a process that can occur during sharp price movements.
Bitcoin and Ethereum Liquidation Breakdown
For Bitcoin-related positions, long liquidations totaled $38.8298 million, while short liquidations reached $58.0473 million. For Ethereum, long liquidations stood at $40.9653 million, and short liquidations came in at $27.7905 million. The figures show that both long and short leveraged positions saw sizable forced closures during the 24-hour period.
Coinglass also reported that 110,156 traders were liquidated globally during the same period. The largest single liquidation order occurred on Binance in the ETHUSDC trading pair, with a value of $2.9509 million.