Crypto traders saw $566 million in liquidations over the past 24 hours, according to data from Coinglass cited by BlockBeats on Aug. 26. Short positions made up the larger share at $331 million, while long positions accounted for $235 million. The data also showed that 83,754 traders were liquidated across the market during the period. The single largest liquidation order was recorded on Bitget in the BTCUSDT_UMCBL contract, with a value of $103 million. The figures offer a snapshot of derivatives market activity over the past day and highlight that short-side losses exceeded long-side liquidations in the latest 24-hour window.
Crypto market liquidations totaled $566 million over the past 24 hours, according to Coinglass data cited by BlockBeats on Aug. 26.
Of that total, long liquidations came to $235 million, while short liquidations reached $331 million. The data showed that 83,754 traders were liquidated globally during the period. The largest single liquidation order took place on Bitget in BTCUSDT_UMCBL, valued at $103 million.
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