The cryptocurrency market recorded $112 million in liquidations over the past 24 hours, according to data from Coinglass. The latest figures show that short sellers absorbed a larger share of the losses, highlighting how recent price swings hit bearish positions harder than bullish ones.
Short liquidations outpaced longs
Of the total, $63.50 million came from short liquidations, compared with $48.95 million in long liquidations. The imbalance suggests that traders betting on lower prices were squeezed more aggressively during the latest round of market volatility, likely as prices moved sharply against those positions.
Bitcoin and Ethereum led the squeeze
Bitcoin saw some of the most notable short-side losses. BTC short liquidations reached $19.86 million, while Bitcoin long liquidations were much lower at $1.96 million. Ethereum showed a similar pattern, with $12.51 million in short liquidations versus $3.85 million in long liquidations. The data points to a stronger impact on bearish leveraged bets across the two largest cryptocurrencies.
More than 66,000 traders were liquidated
Globally, 66,089 users were liquidated over the same 24-hour period. The largest single liquidation occurred on Hyperliquid’s BTC-USD pair, totaling $3.89 million. While the aggregate liquidation figure was not among the market’s largest on record, the size of the biggest single event shows that highly leveraged positions remain vulnerable to rapid moves.
Overall, the latest liquidation data underscores the elevated volatility still present in crypto markets. With Bitcoin and Ethereum shorts taking a disproportionate hit, the market appears to have punished crowded bearish positioning in the short term. Even so, liquidation data is better viewed as a measure of leverage and sentiment than as a standalone signal for future price direction.