According to CoinGlass data, the total amount of cryptocurrency liquidations in the past 24 hours reached $871 million, with long positions liquidated amounting to $786 million and short positions liquidated totaling $84.6643 million. Liquidations for BTC reached $224 million, and ETH liquidations amounted to $121 million. The largest single liquidation in the past 24 hours occurred on the BTC-USDT trading pair on Hyperliquid, valued at $25.8337 million.
Global Crypto Liquidations Reach $871M in 24 Hours, Longs Hit Hardest
TechFlowShare
Summary
Value investing in the crypto market is under pressure as global liquidations reached $871 million within 24 hours. Long positions lost $786 million, with Bitcoin and Ethereum experiencing $224 million and $121 million in liquidations, respectively. The largest single loss was a $25.83 million trade on the BTC-USDT pair on Hyperliquid. Technical analysis for crypto suggests increased volatility, with short-term traders bearing the brunt of the selloff.
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