ChainCatcher reported Coinglass data showing that total network-wide crypto contract liquidations reached $291 million over the past 24 hours. Long positions accounted for $179 million of that amount, while short positions accounted for $112 million. Based on the reported figures, liquidation volume was higher on the long side than on the short side during this 24-hour window.
Bitcoin and Ethereum liquidation breakdown
For Bitcoin, long liquidations totaled $50.4853 million, and short liquidations totaled $34.6371 million. For Ethereum, long liquidations reached $39.6743 million, while short liquidations stood at $30.6454 million. These figures were cited by ChainCatcher from Coinglass.
Coinglass also recorded 81,094 traders liquidated globally over the latest 24-hour period. The largest single liquidation order occurred on Binance in the BTCUSDT trading pair, with a value of $4.9661 million. Liquidation generally refers to the forced closure of a leveraged position when margin requirements are no longer met; the data above reflects the 24-hour snapshot reported in the source item.