According to data from CoinGlass, the total liquidation amount across the cryptocurrency market reached $525 million in the past 24 hours. Long positions accounted for $387 million, while short positions suffered $137 million in liquidations, reflecting a dominant wipeout of bullish leveraged bets.
Bitcoin (BTC) saw the largest liquidations at $186 million, with long positions contributing $175 million and short positions just $11.0065 million. Ethereum (ETH) recorded $102 million in total liquidations — $88.3283 million from longs and $13.5024 million from shorts. Solana (SOL) liquidations totaled $19.0023 million, heavily skewed at $18.1563 million in long liquidations versus only $0.846 million in short liquidations. Across all three assets, long liquidations outweighed shorts by a significant margin, highlighting the pressure on leveraged long traders during the recent market decline.
While CoinGlass data does not pinpoint the specific price moves triggering this liquidation cascade, the concentration of liquidations suggests that highly leveraged positions were rapidly unwound amid short-term volatility.