ChainCatcher reported, citing Coinglass data, that total crypto contract liquidations across the network reached $439 million over the past 24 hours. Of that amount, long-position liquidations accounted for $307 million, while short-position liquidations totaled $132 million. The data shows that long positions made up the larger share of liquidations during the period.
Bitcoin and Ethereum liquidation figures
By asset, Bitcoin-related long liquidations reached $97.4075 million, while Bitcoin short liquidations stood at $44.5226 million. For Ethereum, long liquidations totaled $81.6489 million, and short liquidations reached $34.5801 million. These figures refer to Coinglass statistics for contract liquidations over the most recent 24-hour window.
In addition, a total of 106,743 traders were liquidated globally during the same 24-hour period. The largest single liquidation order occurred on Binance in the BTCUSDT pair, with a value of $4.9661 million. Liquidation generally refers to the forced closing of a leveraged contract position when the account no longer has sufficient margin to maintain it.