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Crypto Market Records $516 Million in 24-Hour Liquidations

CoinAnk states that crypto liquidations reached $516 million in 24 hours, while Coinglass reported $62.84 million in the past hour, with Bitcoin and Ethereum leading losses across both periods.

BTC
ETH

Fact Check
Both core figures in the claim are directly corroborated by independent news outlets citing the named data providers. The PANews article (English and Chinese) confirms the $516 million 24-hour liquidation figure from CoinAnk, with Bitcoin ($160M) and Ethereum ($77.7M) as the top contributors. The Odaily newsflash confirms the $62.84 million 1-hour figure from Coinglass, again with ETH ($29.6M) and BTC ($23.6M) leading. All named entities (CoinAnk, Coinglass, Bitcoin, Ethereum) match the claim precisely. The claim's characterization of Bitcoin and Ethereum 'leading losses across both periods' is accurate per both sources.
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Summary

According to CoinAnk, the crypto market recorded $516 million in liquidations over the past 24 hours, including $355 million in shorts and $161 million in longs, with Bitcoin accounting for $160 million and Ethereum for $77.72 million. Coinglass separately reported $62.84 million in liquidations over the past hour, driven largely by $59.60 million in long liquidations, with Ethereum at $29.60 million and Bitcoin at $23.64 million. Together, the reports indicate sharp volatility across crypto derivatives markets, with the 24-hour window hitting short sellers harder overall while the most recent hourly move primarily impacted leveraged longs.

Terms & Concepts
  • Liquidation: The forced closure of a leveraged trading position when losses exceed a trader’s available margin or breach exchange margin requirements.
  • Short liquidation: A forced closure of a bearish position after rising prices push losses beyond allowed margin levels.
  • Long liquidation: The automatic closure of a bullish position after falling prices move the trade beyond margin limits.