$385M in Total Liquidations: Longs Dominate
According to Coinglass data, the cryptocurrency market recorded $385 million in total liquidations over the past 24 hours. Of that, long positions accounted for $280 million (73% of total), while short liquidations totaled $104 million. This volume signals sharp price swings that forced highly leveraged long positions to be closed en masse. Although short liquidations exceeded $100 million, they were far smaller than the long side, indicating a market tilt toward panic selling rather than aggressive shorting.
Historically, single-day liquidations above $300 million often accompany volatile price moves. While not as extreme as the May 19 crash in 2021 or the August 5 selloff in 2024, the current level is still moderately high and warrants caution among leveraged traders. Coinglass aggregates data from major exchanges, ensuring broad coverage.
Bitcoin and Ethereum: Both Sides Hit Hard
Bitcoin long liquidations reached $140 million in the past 24 hours, while short liquidations stood at $32.54 million — a ratio of over 4:1, suggesting heavy long positioning and high leverage. Ethereum showed a similar pattern: $48.43 million in long liquidations versus $26.19 million in shorts, a ratio of about 1.85:1. Combined, these two assets contributed $188 million in long liquidations, or 67% of the total long liquidation figure, highlighting BTC and ETH as the primary arenas for leveraged traders.
Notably, Ethereum short liquidations were proportionally larger than those of Bitcoin, reflecting ETH’s potentially more volatile price action and short sellers facing significant pressure. Both sides suffered losses, but long positions bore the brunt. This typically occurs during rapid price declines that trigger cascading liquidations, especially during periods of low liquidity.
Over 100K Traders Liquidated, Largest Single Order Exceeds $11M
Coinglass reports that 100,267 traders were liquidated over the 24-hour period, with an average loss of approximately $3,840 per person. The single largest liquidation order occurred on the Binance ETHUSDT pair, worth $11.38 million — likely from an institutional or high-net-worth account employing high leverage. Such a large liquidation can exacerbate local price movements and trigger further cascading effects.
Temporally, liquidations concentrated during sharp price drops, reflecting poor risk management among some participants. Given the current high volatility, traders are advised to set strict stop-loss levels and control leverage to avoid catastrophic losses. Coinglass provides reliable data that can help market participants gauge sentiment and adjust strategies accordingly.