Global crypto liquidations top $995 million in past 24 hours
AI Market Summary
Coinglass data showing ~$995m in 24-hour liquidations, dominated by ~$721m long liquidations across ~214k users, signals a sharp risk-off flush and forced deleveraging in crypto derivatives. The imbalance toward long liquidations implies downside-driven volatility and tighter risk limits from traders and venues in the near term, potentially depressing liquidity and increasing intraday swings across major tokens.
Impact level
● High
Affected assets
BTC/USDT-1.71%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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Crypto liquidations totaled $995 million over the past 24 hours, according to Coinglass data cited by Huo Xing Finance as of Aug. 23. Long positions accounted for $721 million of the wipeout, while shorts made up $274 million. Roughly 214,000 users worldwide were affected.
