Crypto liquidations hit $235 million in 24 hours, led by shorts

CoinGlass data cited by PANews showed about 58,248 traders liquidated, with Binance posting roughly $96.05 million in liquidations and Bitcoin and Ether among the largest asset-level totals.

BTC

Summary

Crypto market liquidations totaled about $235 million over the past 24 hours, with short liquidations at about $167 million exceeding roughly $68.22 million in long liquidations, according to CoinGlass data cited by PANews. About 58,248 traders were liquidated across the market. Bitcoin and Ether posted the largest asset-level liquidation totals in the earlier CoinGlass breakdown, while Binance recorded about $96.05 million in exchange-level liquidations and the largest single wipeout was a $10.89 million BTCUSDT position on Bitget.

Terms & Concepts
  • liquidations: Forced closure of leveraged trading positions after margin requirements are no longer met.
  • short liquidations: Bearish positions closed after prices rise against traders betting on declines.
  • BTCUSDT: A Bitcoin-Tether trading pair.