24-hour market liquidation overview
According to data from Coinglass, total crypto market liquidations reached $174 million in the past 24 hours. Of that amount, long liquidations accounted for $71.1399 million, while short liquidations totaled $103 million. Based on the reported figures, short positions absorbed the larger share of forced closures during the period, indicating that market moves were more adverse for bearish leveraged traders over the last day.
In terms of participant impact, a total of 65,864 traders were liquidated globally within 24 hours. The largest single liquidation order was recorded on Binance in the BTCUSDT trading pair, with a value of $2.7283 million. This suggests that major centralized derivatives venues and highly liquid flagship pairs remained at the center of the day’s liquidation activity.
BTC and ETH liquidation breakdown
Looking at asset-level data, Bitcoin registered $9.7551 million in long liquidations and $22.1575 million in short liquidations. Ethereum posted $13.749 million in long liquidations and $34.7389 million in short liquidations. In both cases, short-side losses were significantly higher than long-side losses.
The BTC and ETH figures show a consistent pattern across the two largest crypto assets by market relevance in derivatives trading: bearish leveraged positions faced heavier liquidation pressure over the past 24 hours. Beyond these liquidation statistics, the report does not provide further details such as spot price movement, volatility bands, open interest shifts, or funding-rate changes. As a result, the confirmed facts remain centered on total liquidation volume, long-short distribution, trader count, and the largest single liquidation event.