Crypto liquidations across the market reached $1.505 billion over the past 24 hours, according to Coinglass, with short positions making up the bulk of the total. Data cited by ChainCatcher showed long liquidations at $292 million and short liquidations at $1.213 billion during the period. Bitcoin accounted for a large share of the wipeout. BTC long liquidations came in at $125 million, while BTC short liquidations rose to $742 million. Ethereum also saw heavy forced closures, with ETH long liquidations at $71.6627 million and ETH short liquidations at $237 million. Coinglass data also showed that 178,984 traders were liquidated globally in the last 24 hours. The largest single liquidation order occurred on Hyperliquid in the BTC-USD pair, with a value of $23.5968 million. The figures reflect a sharp wave of forced position closures across major crypto assets within one day.

Bitcoin extended its rally on Aug. 21, climbing from an overnight low near $68,900 to as high as $73,990, its strongest level in nearly two months. The move came after the U.S. Treasury said it would expand long-dated bond buybacks, a development the report cited as a key macro catalyst, while short covering in crypto derivatives added force to the advance. Ethereum moved higher as well, holding above $2,340. Liquidation data from CoinGlass showed that $960 million worth of crypto positions were wiped out over the past 24 hours. Short positions accounted for $788 million of that total, compared with $171 million in long liquidations, and 121,000 traders were liquidated. The largest single liquidation order was a $25.13 million BTC-USD position on Hyperliquid. The broader market also moved up. Bitcoin was quoted at $73,685, up 6.04% over 24 hours, while Ether traded at $2,340, up 3.36%. XRP led major tokens with a gain of more than 14% to $1.2648, after touching $1.3441. Solana rose 3.62% to $88.18. The Crypto Fear and Greed Index rose to 72 from 62 a day earlier, after falling as low as 29 within the prior eight days.

Crypto liquidations across the market reached $1.905 billion over the past 24 hours, according to data cited by BlockBeats from Coinglass on Aug. 20. Short positions accounted for the bulk of the total at $1.733 billion, while long liquidations came in at $172 million. The same dataset showed that 121,867 traders were liquidated worldwide during the period. The largest single liquidation order was recorded on Hyperliquid’s BTC-USD pair, with a value of $48.8049 million. The figures point to a sharp imbalance between short and long liquidations in the latest 24-hour window.

Coinglass data shows that total liquidations across the crypto market reached $242 million in the past 24 hours. Long positions accounted for $105 million, while short positions totaled $137 million. Bitcoin saw $3.8944 million in long liquidations and $101 million in short liquidations, while Ethereum recorded $9.2234 million in long liquidations and $10.3397 million in short liquidations. Coinglass also said 64,567 people were liquidated in the same period, and the largest single liquidation order was on Hyperliquid BTC-USD at $23.35 million.

Ostium said the attack that drained its OLP vault stemmed from a compromise of permissions in its offchain price reporting system rather than a smart contract bug. In its official report, the protocol said the attacker obtained offchain authorization and then used an already registered and legitimate forwarding route to submit fabricated BTC-USD prices of $5,000 and $60,000. That setup allowed an atomic open-and-close arbitrage loop within the same transaction. Starting with 100 USDC, the attacker scaled the strategy across eight transactions and extracted 23.75 million USDC from the OLP vault in about five minutes before the vault’s circuit breaker was triggered. Ostium said the root issue was that its offchain infrastructure lacked a multi-party approval process comparable to the protections used in onchain multisig systems, leaving a single point of failure in permissions. The stolen funds have since been converted into ETH and passed through Tornado Cash, while tracing efforts are still underway.

Crypto derivatives markets saw $191 million in liquidations over the past 24 hours, according to Coinglass data cited by ChainCatcher. Long positions accounted for $163 million of the total, while short liquidations reached $28.092 million. Bitcoin posted $41.9276 million in long liquidations and $3.301 million in short liquidations over the same period. Ether saw $18.1263 million in long liquidations and $3.3994 million in short liquidations. Coinglass data also showed that 69,843 traders were liquidated globally in the past day. The largest single liquidation order occurred on Hyperliquid in the BTC-USD pair, with a value of $1.5354 million. The figures offer a snapshot of derivatives market pressure across major crypto assets during the latest 24-hour window.

The crypto market fell 2% to $2.61 trillion, with 87 of the top 100 coins in the red. Bitcoin dropped to around $77,324 as ETF outflows, liquidation pressure, and renewed rate concerns weighed on sentiment.

Bitcoin dropped below $60,000 and Ethereum fell under $1,600. Total crypto liquidations hit $653 million in 24 hours, affecting nearly 138,000 traders. Binance saw a single $12.01 million liquidation order.