ChainCatcher reported, citing CoinGlass data, that total liquidations across the cryptocurrency market reached $426 million over the past 24 hours. Of that amount, long liquidations stood at $304 million, while short liquidations totaled $123 million. Liquidation in derivatives trading refers to the forced closure of a position when margin requirements are no longer met under the exchange or platform’s rules.
Long Positions Accounted for the Larger Share
The CoinGlass figures show that long positions represented the larger portion of forced liquidations during the 24-hour period. Long liquidations reached $304 million, exceeding the $123 million recorded for short positions. Together, the two categories brought the total liquidation amount to $426 million under CoinGlass’s market data tracking.
Breakdown for BTC, ETH and SOL
By asset, BTC recorded $126 million in liquidations. This included $85.6314 million in long liquidations and $40.5747 million in short liquidations. ETH posted $93.67 million in liquidations, consisting of $64.9403 million from long positions and $28.7296 million from short positions. SOL registered $14.1397 million in total liquidations, including $10.5799 million in long liquidations and $3.5598 million in short liquidations.
CoinGlass data also showed that 111,791 traders were liquidated over the same 24-hour period. The largest single liquidation occurred on Hyperliquid in the BTC-USD trading pair, with a value of $4.3474 million. The figures provide a snapshot of forced position closures across major crypto assets and trading directions during the reported period.