Over $400M in liquidations in 12 hours as Bitcoin’s short-term dip eases contract crowding

KuCoinFlash

Release Time: 2026/09/24 01:23:47

BTC

$84,467.50-2.1%

Summary

Value investing in crypto remains resilient as Bitcoin fell below $84,000 on September 24, triggering nearly $400 million in liquidations over 12 hours, primarily from long positions. Contract crowding has eased, with total holdings declining to 681,000 coins. Short positions now dominate, with a long-short ratio of 0.8628. Long-term investors view the pullback as a potential buying opportunity amid stabilizing volatility.

BlockBeats news, on September 24, according to Coinglass data, following Bitcoin's brief drop below $84,000 last night, nearly $400 million in total liquidations occurred across the network over the past 12 hours, with long positions accounting for $360 million in liquidations.

Looking at the Bitcoin-denominated open interest data, the recent adjustment has temporarily eased the congestion in futures trading. As of press time, the total Bitcoin futures open interest has fallen below 700,000 BTC again, currently at 681,000 BTC. The long/short ratio data shows that short positions currently dominate, with a long/short ratio of 0.8628.

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