Crypto liquidations hit $3.64B in 24 hours as shorts bear the brunt
AI Market Summary
Network-wide liquidations of ~$3.64B over 24 hours, overwhelmingly concentrated in shorts (~$3.33B), indicate a sharp short squeeze and forced deleveraging. BTC (~$1.66B) and ETH (~$1.34B) led the unwind, signaling elevated volatility, thinner order books, and heightened sensitivity to momentum flows. The imbalance suggests positioning was crowded to the downside and has been rapidly reset.
Impact level
● High
Affected assets
BTC/USDT+7.55%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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Crypto markets saw roughly $3.638 billion in liquidations over the past 24 hours, data cited by ChainThink from CoinAnk show. Long liquidations totaled about $305 million, while short liquidations reached around $3.332 billion. By asset, Bitcoin accounted for approximately $1.664 billion in liquidations and Ethereum for about $1.343 billion.
