Crypto Market Faces $808 Million in Liquidations in 24 Hours

The assessment is 'likely_true' with high confidence based on strong, consistent evidence from multiple authoritative sources. Several highly relevant financial news outlets, including Yahoo Finance and The Block, report on a major liquidation event of a very similar magnitude occurring within a 24-hour period. Specifically, sources cite figures of $871 million, $865 million, and $763.7 million (in long positions alone), all of which are in the same ballpark as the statement's $808 million. The minor variations in the exact figure are common in financial reporting and can be attributed to different data snapshots or slightly different 24-hour windows.Critically, multiple sources explicitly and repeatedly identify Coinglass, a primary data aggregator for crypto derivatives, as the origin of their data. This establishes a credible and verifiable source for the claim. The consistency across these reports, all pointing to the same underlying data provider, strongly corroborates the event. There is no contradictory evidence from any relevant source. While some sources like the CME Group or CFTC cannot confirm the global figure due to their limited scope, they do not refute it. The weight of the evidence overwhelmingly supports that a liquidation event of approximately this size did occur.