Over $244 Million in Crypto Long Positions Liquidated in 24 Hours

Over $244 Million in Crypto Long Positions Liquidated in 24 Hours

Data shows heightened volatility with Bitcoin and Ethereum leading losses as over 173,000 traders faced forced position closures.

BTC
ETH
HYPE

Fact Check
The evidence strongly supports the truthfulness of the statement. There is direct, explicit confirmation from multiple secondary sources. One news article from a crypto-focused publication is titled and summarized as being about the specific event where $244 million in long positions were liquidated in 24 hours. Another article from the same publication corroborates this event by stating, 'Over $244 million in long positions got liquidated in 24 hours' as market context. This claim is further supported by contextual evidence. One source reports total crypto liquidations reached $341.85 million in a 24-hour period; the $244 million in long positions fits plausibly within this larger total. Additionally, several sources, despite containing mismatched URLs and descriptions, consistently identify primary data aggregators like CoinGlass and The Block as authoritative sources that track this exact type of data (daily liquidations separated by long and short positions). This establishes that the event described is a standard, verifiable market metric. No sources contradict the statement. The collective weight of the direct reports, the supporting contextual data, and the confirmation that primary data sources for such claims exist, leads to a high-confidence assessment that the statement is likely true.
Summary

In the past 24 hours, global crypto futures markets saw $805 million in liquidations impacting 173,757 traders. Long positions accounted for $667 million of the total, while shorts made up $139 million. Bitcoin led with $434 million in liquidations, followed by Ethereum at $165 million. The largest single trader loss amounted to $21.38 million on Hyperliquid's BTC-USD pair, underscoring the risks leveraged traders face in volatile conditions.

Terms & Concepts
  • Long Position: A trading strategy where an investor buys and holds an asset expecting its value to rise.
  • Liquidation: The forced closing of a trader’s position when market moves cause margin to fall below required levels.