Crypto Liquidations Hit $180 Million in 24 Hours, Led by Short Positions

BlockBeats reported on June 20 that, according to Coinglass data, total liquidations across the crypto market reached $180 million over the past 24 hours. Short-position liquidations made up the larger share at $123 million, while long-position liquidations totaled $57.18 million.

Liquidation refers to the forced closing of a leveraged position when margin is no longer sufficient. The latest Coinglass figures show that leveraged positions were cleared across the market during the 24-hour period, with short positions bearing the heavier liquidation amount.