Market Liquidation Overview
According to Coinglass data, the total liquidation volume across the crypto market over the past 24 hours reached $129 million. Long positions accounted for $92.5986 million, while short positions accounted for $35.9452 million. Longs made up approximately 71.8% of total liquidations, indicating significant pressure on bullish traders.
Liquidations by Major Assets
Bitcoin saw $26.7533 million in long liquidations and $5.5311 million in short liquidations, totaling roughly $32.2844 million. Ethereum recorded $26.863 million in long liquidations and $6.432 million in short liquidations, totaling about $33.295 million. The long-to-short liquidation ratio for both BTC and ETH exceeded 4.8:1, highlighting concentrated bullish liquidation waves in the two largest cryptocurrencies.
Market Impact and Key Data Points
Over the past 24 hours, a total of 60,302 traders faced liquidation. The single largest liquidation occurred on the Bybit exchange in the BTCUSDT perpetual contract, with a value of $2.0826 million. Such large-scale long liquidations are a strong signal of short-term market volatility, potentially leading to tighter liquidity and further price downside pressure.