Crypto Liquidations Hit $174 Million in 24 Hours, With BTC and ETH Shorts Taking the Biggest Losses

Crypto Liquidations Hit $174 Million in 24 Hours, With BTC and ETH Shorts Taking the Biggest Losses

N
News Editor
2026-07-03 19:01:31
Coinglass data shows that total crypto liquidations reached $174 million over the past 24 hours. Short positions accounted for $103 million, exceeding the $71.1399 million liquidated from long positions. Among major assets, Bitcoin saw $9.7551 million in long liquidations and $22.1575 million in short liquidations, while Ethereum recorded $13.749 million in long liquidations and $34.7389 million in short liquidations. A total of 65,864 traders were liquidated globally during the same period. The largest single liquidation order occurred on Binance’s BTCUSDT trading pair, with a value of $2.7283 million. The figures indicate that short-side pressure was more pronounced across major crypto assets during the latest 24-hour trading window, highlighting elevated leverage risk and continued volatility in the derivatives market.
Market AnalysisLiquidationsCoinglassBitcoinEthereumBinanceLeveraged Trading

Global crypto liquidations over the past 24 hours

According to Coinglass, total liquidations across the crypto market reached $174 million in the last 24 hours. Of that amount, long liquidations came in at $71.1399 million, while short liquidations totaled $103 million. The breakdown shows that short positions absorbed the larger share of forced closures during the period, pointing to stronger pressure on bearish leveraged bets.

BTC and ETH liquidation breakdown

Among major assets, Bitcoin recorded $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 BTC and ETH, short liquidations significantly exceeded long liquidations, indicating that price action in large-cap tokens was more damaging to short-side positioning over the latest trading window.

Number of liquidated traders and the largest single order

Over the same 24-hour period, a total of 65,864 traders were liquidated globally. The largest single liquidation order occurred on Binance - BTCUSDT, with a value of $2.7283 million. The combination of a large overall liquidation figure, a high trader count, and a multi-million-dollar single order suggests that leverage-driven trading remained highly active and that liquidation risk stayed concentrated in major perpetual markets.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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