Crypto market sees $364 million in long liquidations over 24 hours
About $180 million of the total long-position wipeout occurred within 60 minutes, highlighting a rapid downward move that forced leveraged bullish bets to close across crypto derivatives markets.
Fact Check
Both numeric figures in the claim are corroborated by the two supplied X posts from credible crypto-tracking accounts dated 2026-06-18: WhaleInsider reports $364 million in 24-hour long liquidations, and WatcherGuru reports $180 million liquidated within 60 minutes. The figures and direction (forced closure of leveraged long positions) align with the claim. Confidence is medium rather than high because corroboration rests on social-media aggregators rather than an independent same-day news report combining both numbers; comparable 2026 liquidation magnitudes from CoinDesk/Binance support plausibility.
Summary
Crypto markets saw $364,000,000 in long liquidations over the past 24 hours, including about $180,000,000 in the most recent 60 minutes. The figures indicate a sharp adverse move for traders betting on higher prices, as leveraged bullish positions were forced to close when losses breached exchange margin requirements, a dynamic that can amplify short-term volatility across derivatives venues.
Terms & Concepts
- long positions: Bets that an asset's price will rise.
- liquidations: Forced closure of leveraged trades after losses breach margin requirements.
- derivatives markets: Markets for contracts tied to underlying asset prices, often using leverage.