ChainCatcher report, according to Coinglass data, $736 million in total liquidations occurred across the network in the past 24 hours, including $428 million in long liquidations and $308 million in short liquidations. Bitcoin longs accounted for $150 million in liquidations, while Bitcoin shorts totaled $140 million. Ethereum longs saw $122 million in liquidations, and Ethereum shorts reached $79.96 million. Additionally, over the past 24 hours, 110,580 users globally were liquidated, with the largest single liquidation occurring on Bitfinex - tBTCF0:USTF0 at $11.43 million.
Global liquidations reach $736M in 24 hours, longs outpace shorts
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Summary
Global crypto liquidations reached $736 million in 24 hours, with longs exceeding shorts. Value investing in crypto remains a key strategy, as long positions totaled $428 million, including $150 million in Bitcoin and $122 million in Ethereum. A total of 110,580 traders were liquidated, with the largest single event amounting to $114.3 million on Bitfinex. Traders are closely monitoring support and resistance levels amid heightened volatility.
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