24H Crypto Liquidations Hit $1.717B as Longs Dominate Wipeout

News Editor

2026-06-04 17:00:50

Coinglass data shows $1.717B in crypto liquidations over 24 hours, with longs accounting for 82.2% of the total, led by heavy BTC and ETH long liquidations.

LiquidationBitcoinEthereumHyperliquidCoinglass data

According to Coinglass data, total crypto liquidations in the past 24 hours reached $1.717 billion, with longs accounting for $1.411 billion and shorts $305 million.

Bitcoin (BTC) saw $626 million in long liquidations and $169 million in shorts, while Ethereum (ETH) recorded $313 million in longs and $67.28 million in shorts. Overall, 285,997 traders were liquidated, and the single largest order — a $16.1984 million BTC-USD position on Hyperliquid — was forcibly closed.

Liquidation occurs when margin falls below the required level, triggering automatic closure. A dominance of long liquidations typically signals a sharp price decline. Such data from platforms like Coinglass offer a snapshot of leverage-driven market stress.

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

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