Global crypto liquidations reach $826M in 24 hours, short positions hit hardest

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Value investing in crypto is under pressure as global liquidations reached $826 million in 24 hours, according to CoinGlass. Short positions bore the brunt, totaling $661 million. Bitcoin led losses at $375 million, followed by Ethereum at $184 million. Over 194,000 traders were liquidated, with the largest single loss of $15.75 million occurring on Hyperliquid’s BTC-USD pair. Technical analysis for crypto suggests heightened volatility remains a key risk.

According to CoinGlass data, the total cryptocurrency market liquidations over the past 24 hours reached $826 million, with $166 million in long liquidations and $661 million in short liquidations. BTC liquidations amounted to $375 million, while ETH liquidations totaled $184 million. Over the past 24 hours, 194,273 traders were liquidated. The largest single liquidation occurred on the BTC-USD pair on Hyperliquid, valued at $15.75 million.

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