According to ChainCatcher, data from CoinGlass shows that the total cryptocurrency market liquidations over the past 24 hours reached $498 million, with long positions liquidated at $441 million and short positions liquidated at $56.35 million. BTC liquidations amounted to $209 million, while ETH liquidations reached $136 million. A total of 126,417 individuals were liquidated in the past 24 hours, with the largest single liquidation occurring on the XYZ:SP500-USD pair on Hyperliquid, valued at $6.3388 million.
$498M in liquidations across crypto markets in 24 hours, long positions hit hardest
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Summary
Value investing in crypto is under pressure as $498 million in liquidations hit the crypto markets within 24 hours, according to ChainCatcher. Long positions accounted for $441 million, while short positions totaled $56.35 million. Bitcoin experienced $209 million in liquidations, and Ethereum saw $136 million. Over 126,000 traders were affected, with Hyperliquid’s XYZ:SP500-USD pair recording a single liquidation of $6.34 million. A long-term crypto strategy remains essential amid volatile conditions.
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