Short positions made up most of roughly $85.99 million in crypto liquidations over the past day, reflecting heavier losses among traders positioned for declines.
Crypto derivatives markets saw about $85.99 million in liquidations over the past 24 hours, with short positions accounting for the majority of losses. CoinGlass data showed short liquidations at $60.01 million, compared with $25.98 million in long liquidations, underscoring heavier pain for traders betting on price declines. Liquidations occur when exchanges force-close leveraged positions after traders can no longer meet margin requirements, often amplifying volatility during sharp market moves.