Crypto Market Records $300 Million in Liquidations Over 24 Hours

Recent derivatives market data shows crypto liquidations rose to $326 million in 24 hours, with short positions making up the larger share and Bitcoin accounting for the biggest asset-specific total.

BTC
ETH

Summary

Crypto market liquidations reached $326 million over the past 24 hours, up from the previously reported $300 million. Short positions accounted for $244 million, exceeding $81.14 million in long liquidations. Bitcoin recorded $152 million in liquidations, while Ethereum totaled $48.46 million, making them the largest asset-specific contributors in the latest update.

Terms & Concepts
  • Liquidation: A forced closure of a leveraged trading position when losses trigger margin requirements on a crypto exchange.
  • Short position: A trade that profits if an asset price falls; it can be liquidated if the market moves higher.
  • Long position: A trade that profits if an asset price rises; it can be liquidated if the market moves lower.