According to Coinglass data, the total amount of liquidations in the cryptocurrency market over the past 24 hours reached $222 million, with long positions liquidated amounting to $169 million and short positions liquidated totaling $53.05 million. Liquidations for BTC reached $60.72 million, and ETH liquidations amounted to $31.16 million. A total of 109,413 traders were liquidated in the past 24 hours, with the largest single liquidation occurring on the BTC-USD trading pair on Hyperliquid, valued at $5.10 million.
Global Crypto Liquidations Reach $222M in 24 Hours, Longs Hit Hardest
TechFlowShare
Summary
Value investing in the crypto market is under pressure as global liquidations reached $222 million within 24 hours, according to Coinglass. Long positions suffered $169 million in losses, with Bitcoin (BTC) and Ethereum (ETH) leading the losses at $60.72 million and $31.16 million, respectively. Over 109,000 traders were liquidated, and the BTC-USD pair on Hyperliquid alone saw $5.1 million in liquidations. Technical analysis (TA) remains crucial for timing entries in the face of sharp price swings.
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