Global Crypto Liquidations Top $1.23 Billion in 24 Hours
Coinglass data reveals over $2 billion in crypto liquidations within a day, driven by heavy losses in long positions amid extreme market volatility.
BTC
USDT
Summary
Coinglass reported $2.029 billion in total cryptocurrency liquidations over the past 24 hours, affecting 473,095 traders. Long positions accounted for $1.629 billion of the losses, while short positions lost $400 million. The largest single liquidation was $47.87 million on the HTX BTC-USDT pair. These figures mark a significant escalation from previous reports, underscoring high leverage and volatile conditions dominating recent crypto markets.
Terms & Concepts
- Liquidation: Forced closure of a trader’s position due to insufficient margin to cover losses.
- Long Position: A trade that profits when the asset price rises; common in both traditional and crypto markets.