$811 Million in Liquidations Over Last 24 Hours, $39 Million Bitcoin Trade Leads the Way
According to Coinglass, $108 million in liquidations hit crypto markets over 24 hours, with $40.0414 million in longs and $67.8994 million in shorts; 55,335 traders affected; largest $3.5306 million on Hyperliquid’s ETH-USD.
BTC
ETH
USDT
Summary
According to Coinglass, $108 million was liquidated across crypto markets in the past 24 hours: $40.0414 million in longs and $67.8994 million in shorts. A total of 55,335 traders were liquidated. The largest single position was a $3.5306 million ETH-USD on Hyperliquid.
Terms & Concepts
- Liquidation: Forced closure of a leveraged position when margin falls below maintenance requirements due to adverse price moves.
- Long position: A bet that an asset’s price will rise; liquidations occur if the price falls and margin is insufficient.
- Short position: A bet that an asset’s price will fall; liquidations occur if the price rises and margin is insufficient.