Liquidation Data Overview
Data from CoinGlass shows that the total liquidation amount in the cryptocurrency market over the past 24 hours reached $659 million. Long positions accounted for the vast majority at $601 million, while short positions accounted for $58.64 million. The ratio of long to short liquidations is approximately 10.25:1, indicating a sharp downward price movement that forced many leveraged long positions to be unwound. Liquidation, or forced closure of a leveraged position, occurs when the market moves against a trader beyond a certain threshold. CoinGlass aggregates data from both centralized and decentralized exchanges to provide a comprehensive picture.
Breakdown by Major Cryptocurrencies
Bitcoin (BTC) saw $175 million in total liquidations ($164 million long, $11.36 million short). Ethereum (ETH) recorded $165 million ($150 million long, $15.03 million short). Solana (SOL) had $30.16 million in liquidations ($29.2 million long, $961,300 short). Combined, the three major cryptocurrencies accounted for approximately $370 million, or 56% of the total market liquidations. The remaining liquidation volume was distributed across other crypto assets.
In the past 24 hours, 138,559 traders were liquidated. The single largest liquidation order occurred on the Hyperliquid platform for the ETH-USD trading pair, valued at $14.15 million. This large-scale liquidation event highlights the inherent risk of leveraged trading in the crypto market and the direct impact of price volatility on positions. The data from CoinGlass covers a broad range of exchanges, offering a comprehensive view of market dynamics.