Crypto derivatives markets saw $2.987 billion in liquidations over the past 24 hours, according to Coinglass, with short positions accounting for the bulk of the total. Short liquidations reached $2.739 billion, while long liquidations came to $248 million. By asset, Bitcoin posted $1.419 billion in liquidations and Ether recorded $1.109 billion. The figures point to a liquidation wave concentrated in short positions, with BTC and ETH making up most of the total.
Over the last 24 hours, crypto liquidations across the market hit $2.987 billion, Coinglass says, and shorts took the brunt of the damage.
Short liquidations came in at $2.739 billion. Long liquidations were far lower at $248 million. By asset, Bitcoin (BTC) made up $1.419 billion in liquidations, while Ether (ETH) posted $1.109 billion.
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