Crypto markets see $841 million in liquidations over past 24 hours, led by shorts

AI Market Summary

Coinglass data showing $841M in 24h liquidations, dominated by $671M short liquidations, signals a sharp upside move that forced widespread short covering. With BTC accounting for $461M of liquidations (vs. $176M for ETH), the shock is most concentrated in BTC and major perp venues, likely tightening near-term positioning and reducing remaining short interest while increasing volatility risk around key levels.

Impact level

● High

Affected assets

BTC/USDT+7.49%

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.

ChainCatcher cited Coinglass data showing total liquidations across crypto markets reached $841 million in the past 24 hours, with short positions accounting for the bulk. Short liquidations came in at $671 million, while long liquidations totaled $170 million. By asset, BTC liquidations hit $461 million and ETH liquidations reached $176 million.

Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.

Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.