TechFlow reported on June 11 that, according to CoinGlass data, total liquidations across the cryptocurrency market reached $335 million over the past 24 hours. The figures showed a two-sided liquidation event, with both long and short positions being forced closed during the period.
Of the total amount, long-position liquidations stood at $195 million, while short-position liquidations reached $139 million. Liquidation refers to the forced closure of leveraged positions when margin is no longer sufficient under an exchange’s rules.
BTC and ETH Led the Liquidation Totals
By asset, BTC recorded $87.0469 million in liquidations. This included $33.1527 million in long liquidations and $53.8942 million in short liquidations. Among the assets listed in the CoinGlass data cited by TechFlow, BTC had the largest liquidation total.
ETH followed with $61.1747 million in liquidations. Long liquidations in ETH totaled $36.0346 million, while short liquidations amounted to $25.1401 million. Unlike BTC, ETH saw a larger liquidation amount from long positions than from short positions over the same 24-hour window.
SOL Liquidations Reached $9.1787 Million
SOL posted $9.1787 million in total liquidations, including $5.1967 million from long positions and $3.9820 million from short positions. The BTC, ETH and SOL figures together show that major crypto assets all saw leveraged positions closed on both sides of the market during the reporting period.
CoinGlass data also showed that 123,968 traders were liquidated over the past 24 hours. The largest single liquidation occurred on Binance in the XAGUSDT trading pair, with a value of $3.304 million.