Coinglass Reports $276 Million in Crypto Liquidations Over 24 Hours
Coinglass data reveal $276 million in liquidations affecting over 108,000 traders, with shorts bearing the majority of losses amid volatile market conditions.
BTC
HYPE
Summary
Coinglass reports 108,205 traders liquidated in the past 24 hours, totaling $276 million. Short positions accounted for $199 million, while longs suffered $77.17 million in losses. The largest single liquidation was $3.16 million on Hyperliquid’s BTC-USD pair, underscoring the persistent risks of leveraged trading in volatile markets.
Terms & Concepts
- Liquidation: The forced closure of a trader’s leveraged position when losses exceed the margin requirements.
- BTC-USD: A trading pair representing Bitcoin (BTC) priced in U.S. dollars, commonly used for spot and derivative trading.