Crypto futures see $857 million liquidated in 24 hours

AI Market Summary

MyToken data show $857M in 24-hour crypto futures liquidations, led by BTC at $520M and ETH at $170M, indicating a forced deleveraging event. Such liquidation cascades typically tighten risk appetite, widen intraday volatility, and pressure correlated majors (SOL, XRP) as positions are closed mechanically. Near-term market focus shifts to funding, open interest reset, and whether spot flows stabilize after derivatives-driven selling.

Impact level

● High

Affected assets

BTC/USDT+8.42%

AI Insight · BTC/USDTAI Insight

▼ Bearish

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ME News cited MyToken data showing that, as of Aug. 21 (UTC+8), total liquidations across the crypto derivatives market reached $857 million over the past 24 hours. BTC accounted for $520 million in liquidations, followed by ETH at $170 million. SOL liquidations stood at $17.56 million, while XRP liquidations totaled $40.14 million. (Source: MyToken)

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