Crypto Market Sees $22.82 Million in Hourly Liquidations, Coinglass Reports

Crypto Market Sees $22.82 Million in Hourly Liquidations, Coinglass Reports

Coinglass data highlights sharp market swings with $280M from long positions and $132M from shorts, reflecting significant volatility in BTC and ETH trading.

BTC
ETH

Fact Check
The assessment is based on the high authority and direct relevance of the primary source provided by Coinglass, the entity cited in the statement. The most relevant source is the dedicated 'LiquidationData' page, which is explicitly designed to provide real-time and historical data on crypto liquidations, including breakdowns by the specific 'one-hour period' mentioned in the claim. This directly confirms that Coinglass reports the exact type of information specified. The Coinglass homepage further establishes the platform's credibility as a cryptocurrency derivatives data provider. While the provided summaries do not contain the specific real-time figure of '$22.82 million,' the existence of the tool itself on the cited authority's website makes the statement highly plausible and consistent with the source's purpose. The other sources, while from the same domain, are irrelevant as they cover different metrics like predictive heatmaps, long/short ratios, and RSI. There is no conflicting evidence, and the available information strongly supports that the statement is a factual report of data that would be found on the primary Coinglass source.
Summary

According to Coinglass, cryptocurrency markets experienced $412 million in liquidations over the past 24 hours, with $280 million from long positions and $132 million from short positions. Bitcoin accounted for $135 million and Ethereum for $119 million in liquidations, underscoring substantial market volatility affecting major assets.

Terms & Concepts
  • Liquidation: The forced closure of a trader’s position when they lack sufficient margin to cover losses.
  • Short Position: A trading strategy where an investor sells an asset they do not own, aiming to buy it back later at a lower price.
  • Long Position: An investment strategy in which an investor buys an asset expecting its value to increase over time.