Crypto Liquidations Reach $168M in 24 Hours; Bitcoin and Ethereum Shorts Take Heaviest Hit

According to data from Coinglass, as reported by ChainCatcher, the total amount of liquidations across all cryptocurrency exchanges reached $168 million in the last 24 hours. Long-position liquidations were $66.959 million, while short-position liquidations totaled $101 million. For Bitcoin specifically, long liquidations were $18.7146 million, and short liquidations were $34.2519 million. Ethereum saw long liquidations of $9.9291 million and short liquidations of $26.5892 million. During this same 24-hour period, a total of 62,280 traders were liquidated on various platforms. The single largest liquidation order was recorded on Binance's ETHUSDT trading pair, valued at $4.9298 million. The data implies that short positions in Bitcoin and Ethereum were hit harder than long positions, with shorts representing around 60% of all liquidations. In comparison, long positions in both assets saw relatively smaller losses. The figures are consistent across the reported 24-hour window, with no breakdown by exchange provided beyond the largest order. No further context about price swings or market drivers was supplied in the original report.