According to ChainCatcher, Coinglass data shows that total crypto market liquidations reached $421 million over the past 24 hours. Long positions accounted for $247 million of the total, while short positions accounted for $174 million. Liquidation refers to the forced closing of leveraged positions when margin requirements are no longer met by the trader’s account balance.
Bitcoin and Ethereum liquidation figures
By asset, Bitcoin long liquidations totaled $63.086 million, while Bitcoin short liquidations reached $16.7798 million. Ethereum long liquidations stood at $65.6147 million, and Ethereum short liquidations reached $51.9905 million. The data shows liquidations on both the long and short sides for Bitcoin and Ethereum during the same 24-hour period.
Coinglass also recorded 103,973 liquidated traders globally over the past 24 hours. The largest single liquidation order occurred on Binance - ETHUSDT, with a value of $9.0893 million. This order was the largest individual liquidation listed by Coinglass for the reporting period.