According to Coinglass data, the total amount of liquidations in the cryptocurrency market over the past 24 hours reached $521 million, with long positions liquidated amounting to $260 million and short positions liquidated totaling $261 million. The liquidation amount for BTC reached $188 million, while ETH liquidations amounted to $190 million. A total of 133,665 traders were liquidated in the past 24 hours. The largest single liquidation occurred on the Hyperliquid exchange's ETH-USD contract, valued at $40.2261 million.
Global Crypto Liquidations Reach $521M in 24 Hours, Longs and Shorts Equally Hit
TechFlowShare
Summary
Global cryptocurrency liquidations reached $521 million within 24 hours, as support and resistance levels triggered equal losses for long and short positions. Long positions suffered $260 million in losses, while short positions lost $261 million. Bitcoin and Ethereum led the liquidations with $188 million and $190 million, respectively. A total of 133,665 traders were affected, with the largest single loss amounting to $40.226 million on Hyperliquid's ETH-USD contract. Amid volatile price swings, value investing remains a key strategy in the crypto market.
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