Crypto market sees $674M liquidated in 24 hours as longs and shorts run nearly even
AI Market Summary
Coinglass data showing $674M in 24-hour liquidations indicates elevated leverage and forced de-risking, with shorts ($381M) exceeding longs ($292M). Ethereum is the focal point, as ETH short liquidations ($215M) materially outweigh ETH long liquidations ($96.74M), implying sharper squeeze dynamics and higher near-term volatility. The largest single liquidation on Hyperliquid ETHUSD reinforces fragility in perp positioning and liquidity.
Impact level
● Medium
Affected assets
ETH/USDT+1.73%
AI Insight · ETH/USDTAI Insight
● Neutral
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ChainCatcher reports that Coinglass data show total liquidations across the crypto market reached $674 million over the past 24 hours. Long liquidations came in at $292 million, while short liquidations totaled $381 million.
By asset, Bitcoin saw $89.45 million in long liquidations and $94.27 million in short liquidations. Ethereum posted $96.74 million in liquidated longs and $215 million in liquidated shorts.
In total, 94,554 users were liquidated globally during the period. The largest single liquidation was recorded on Hyperliquid's ETHUSD market, valued at $20.28 million.
