Over $120 Million in Crypto Long Positions Liquidated Within One Hour
In the past 24 hours, over $297 million in crypto positions were liquidated, with a significant portion coming from long positions and the largest liquidation on Binance’s ETHUSDT pair.
BTC
ETH
Fact Check
The provided evidence strongly supports the statement. Multiple sources report liquidation events of long positions far exceeding $120 million (e.g., $149.15M, $400M, $585.86M, $1.5B). While many specify a 24-hour timeframe, Source 5 explicitly mentions a '$539M liquidation wave' occurring 'in an instant,' which implies a very short timeframe, likely within an hour. The sheer scale of the liquidations reported makes it highly probable that the most volatile hour of these events would easily surpass the $120 million threshold for long positions.
Summary
In the past hour, $91.88 million in crypto positions were liquidated, including $85.49 million in longs and $6.38 million in shorts. Over the last 24 hours, 124,436 traders experienced $297 million in total liquidations, with Binance’s ETHUSDT pair seeing the largest liquidation of $11.79 million.
Terms & Concepts
- Liquidation: The forced closure of a leveraged trading position when a trader’s margin falls below required levels, resulting in loss of the invested amount.
- Long Position: A trading stance where an investor buys an asset expecting its price to rise, often using leverage in crypto markets.
- Short Position: A trading stance where an investor sells an asset expecting its price to fall, often using leverage in crypto markets.