Crypto derivatives traders saw heavy losses over the past 12 hours, with total liquidations across the market reaching $585 million, according to CoinGlass. Long positions accounted for the bulk of the wipeout at $498 million, while short liquidations came in at $86.4012 million. The split shows the damage was concentrated on traders betting on higher prices during the period covered by the data. Bitcoin and Ether made up most of the liquidation tally. BTC liquidations reached $206 million, while ETH liquidations stood at $202 million. Combined, the two assets represented about 69.7% of total liquidations recorded in the past 12 hours. The figures point to a market move large enough to trigger broad forced position closures, with BTC and ETH carrying most of the impact in the latest liquidation wave.
Crypto liquidations across the market reached $585 million over the past 12 hours, according to CoinGlass.
Long liquidations totaled $498 million, while short liquidations came to $86.4012 million.
By asset, Bitcoin (BTC) liquidations hit $206 million and Ether (ETH) liquidations reached $202 million. Together, the two accounted for about 69.7% of all liquidations recorded during the 12-hour period.
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