According to CoinGlass, the crypto futures market recorded approximately $657 million in total liquidations over the past 24 hours, affecting about 137,900 traders. Long positions accounted for $598 million of the liquidations, while shorts totaled $58.81 million. The largest single liquidation occurred on Hyperliquid's ETH-USD contract, worth about $14.15 million.
Data from CoinGlass shows that the cryptocurrency futures market experienced a significant wave of forced liquidations in the past 24 hours, with total liquidations reaching approximately $657 million and affecting around 137,900 traders. Long positions bore the brunt of the sell-off, with long liquidations totaling about $598 million, while short liquidations were relatively smaller at around $58.81 million.
The largest single liquidation event occurred on the Hyperliquid platform's ETH-USD perpetual contract, with a single order liquidation value of approximately $14.15 million. Hyperliquid is a Layer 1 blockchain network specializing in decentralized perpetual contract trading, and its on-chain order book mechanism has gained considerable attention recently. This large liquidation highlights the severe impact of market volatility on highly leveraged positions.
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