Crypto market sees $144M liquidated in 24 hours as long wipeouts lead
AI Market Summary
Coinglass data showing $144M in 24-hour liquidations, with longs ($87.26M) exceeding shorts ($56.74M), signals a long-heavy market that experienced a forced deleveraging. BTC and ETH saw meaningful long liquidations ($17.25M and $11.05M respectively), implying near-term positioning reset and tighter risk limits from traders. The largest single liquidation on Hyperliquid linked to XYZ:SP500USD highlights cross-venue leverage sensitivity.
Impact level
● Medium
Affected assets
BTC/USDT-1.76%
AI Insight · BTC/USDTAI Insight
● Neutral
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Huo Xing Finance, citing Coinglass data, reported that total crypto market liquidations reached $144 million over the past 24 hours. Long positions accounted for $87.26 million, exceeding $56.74 million in short liquidations.
By asset, Bitcoin saw $17.25 million in long liquidations and $11.24 million on the short side. Ethereum posted $11.05 million in liquidated longs and $5.02 million in liquidated shorts.
Coinglass data also shows 60,063 users were liquidated globally during the same period. The largest single liquidation was recorded on Hyperliquid's XYZ:SP500USD contract, totaling $5.8047 million.
