Coinglass: $459 Million Crypto Liquidations in 24 Hours — $88 Million Longs, $371 Million Shorts
Fresh Coinglass data shows $35.21 million in hourly liquidations, highlighting sharp short-term price swings impacting BTC and ETH traders alike.
BTC
ETH
Summary
New Coinglass data indicates $35.21 million in liquidations within the past hour — $22.83 million from long positions and $12.37 million from shorts. ETH posted the largest hourly liquidation at $10.84 million, followed closely by BTC at $10.38 million. This short-term surge adds to the previously reported $459 million in 24-hour liquidations, underscoring both sustained volatility and rapid price movements affecting major cryptocurrencies.
Terms & Concepts
- Liquidation: Forced closure of a leveraged position when collateral is insufficient to cover losses.
- Long position: A trade that benefits if the asset’s price rises; common in derivatives markets.
- Short position: A trade that benefits if the asset’s price falls, often executed by borrowing and selling.