Crypto liquidations top $3.0B in 24 hours, wiping out 171,045 traders
AI Market Summary
Coinglass data show $3.024B liquidations in 24 hours, dominated by $2.77B in shorts, marking the largest short-squeeze day in nearly two years and surpassing a prior record. The scale and breadth (171,045 traders liquidated) signal extreme leverage and forced positioning resets, which can amplify near-term volatility and liquidity fragmentation. The largest single liquidation was a $48.8M BTCUSD event on Hyperliquid.
Impact level
● High
Affected assets
BTC/USDT+12.44%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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ChainCatcher reports that Coinglass data shows total crypto market liquidations of $3.024 billion over the past 24 hours. Long liquidations accounted for $252 million, while short liquidations hit $2.77 billion, surpassing the prior short-liquidation record of $2.466 billion set on October 11. The surge marks the biggest short-liquidation day in nearly two years. Globally, 171,045 traders were liquidated during the period. The largest single liquidation was a $48.8049 million BTCUSD position on Hyperliquid.
