CoinGlass data cited by PANews on Aug. 5 showed short positions absorbed $142 million in forced closures, while Bitcoin and Ethereum accounted for roughly $50.06 million and $19.68 million.
Crypto derivatives liquidations (forced position closures) totaled $210 million across the market over the past 24 hours, with traders betting on lower prices taking the larger hit. CoinGlass data cited by PANews on Aug. 5 showed $67.3778 million in long liquidations and $142 million in short liquidations. Bitcoin accounted for about $50.0593 million of the total, while Ethereum represented about $19.6791 million.