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Crypto Liquidations Hit $200 Million in One Hour, Led by Short Positions

Crypto Liquidations Hit $200 Million in One Hour, Led by Short Positions

According to Coinglass, total crypto liquidations reached $200 million in the past hour, with short positions accounting for most of the forced closures as Bitcoin and Ethereum led losses.

BTC
ETH

Summary

According to Coinglass, total crypto liquidations rose to $200 million in the past hour, up from the previously reported $130 million. Short liquidations accounted for $174 million, while long liquidations totaled $26.18 million, marking a sharp shift from the earlier long-driven wipeout. Bitcoin recorded $101 million in liquidations and Ethereum saw $47.45 million, making them the largest contributors to the latest market-wide forced position closures.

Terms & Concepts
  • Liquidation: The forced closure of a leveraged trading position when losses exceed a trader’s margin requirements.
  • Short positions: Trades that bet an asset’s price will fall; they are liquidated when prices rise sharply against the position.
  • Long liquidations: Forced closures of bullish leveraged positions after prices move lower and traders can no longer meet margin requirements.