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Crypto Market Liquidations Hit $298.83M in 24 Hours

In the past 24 hours, total crypto liquidations reached $488 million, with shorts ($318 million) exceeding longs ($170 million); Ethereum led asset-specific losses at $191 million, followed by Bitcoin at $120 million.

BTC
ETH

Summary

The cryptocurrency market saw $488 million in liquidations over the past 24 hours, comprising $170 million from long positions and $318 million from short positions. Ethereum led with $191 million in liquidations, while Bitcoin accounted for $120 million.

Terms & Concepts
  • Liquidation: Automatic closure of a leveraged position when collateral falls below maintenance margin thresholds.
  • Long/Short Positions: Directional leveraged trades betting on price increases (long) or declines (short). Liquidations occur when moves go against the position.
  • Ethereum (ETH): A leading blockchain and cryptocurrency; it recorded $191 million in liquidations in the reported 24-hour period.