ChainCatcher reported, citing Coinglass data, that total liquidations across the crypto market reached $125 million over the past 24 hours. By position direction, long liquidations amounted to $48.1182 million, while short liquidations totaled $77.2309 million. In this 24-hour period, the value of short liquidations was higher than that of long liquidations.
By asset, Bitcoin-related positions recorded $3.7299 million in long liquidations and $35.9883 million in short liquidations. Ethereum-related positions saw $6.1456 million in long liquidations and $9.1857 million in short liquidations. These figures outline the distribution of forced position closures among the two major crypto assets during the reported period.
Coinglass data also showed that 73,785 traders worldwide were liquidated in the past 24 hours. The largest single liquidation order occurred on Bitget’s BTCUSDT_UMCBL trading pair, with a value of $5.1119 million. The dataset cited in the report covered total market liquidations, long and short breakdowns, Bitcoin and Ethereum categories, and the largest individual liquidation order.