Odaily, citing Coinglass data, reported that total liquidations across the crypto market reached $49.16 million over the past one hour. By position direction, short liquidations amounted to $42 million, while long liquidations stood at $7.16 million. The figures show that short positions made up the larger share of liquidations during this one-hour window.
Among individual assets, ETH recorded $30.96 million in liquidations, the highest amount listed in the report. BTC liquidations reached $5.32 million, while ZEC liquidations totaled $1.95 million. These figures come from Coinglass statistics tracking liquidation activity across the broader crypto derivatives market during the past hour.
In crypto futures and derivatives trading, a liquidation generally refers to the forced closing of a leveraged position when margin requirements are no longer met. The latest Coinglass data covers both long and short positions, as well as asset-level liquidation amounts for ETH, BTC and ZEC within the stated one-hour period.