Crypto liquidations top $3 billion in 24 hours, led by record short wipeout
AI Market Summary
Coinglass data showing $3.024B liquidations in 24 hours—dominated by $2.77B short liquidations, the largest in two years—signals a violent short squeeze and rapid de-risking among leveraged participants. The scale (171,045 traders liquidated) and the largest single hit on Hyperliquid (BTCUSD ~$48.8M) highlight elevated volatility, tighter risk limits, and potential near-term liquidity fragility across major crypto venues.
Impact level
● High
Affected assets
BTC/USDT+12.31%
AI Insight · BTC/USDTAI Insight
▲ Bullish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Huoxing Finance, citing Coinglass data, said total crypto-market liquidations reached $3.024 billion over the past 24 hours. Long liquidations totaled $252 million, while short liquidations hit $2.77 billion, eclipsing the $2.466 billion in short liquidations recorded on October 11 and marking the largest short-liquidation day in the crypto market in the past two years. Globally, 171,045 traders were liquidated during the period. The biggest single liquidation was on Hyperliquid in the BTCUSD contract, worth $48.8049 million.
