Coinglass Reports $303 Million in Crypto Liquidations in 24 Hours

Coinglass Reports $303 Million in Crypto Liquidations in 24 Hours

Coinglass data reveals $303 million in total crypto liquidations, with short positions accounting for $146 million and the largest single liquidation occurring on Hyperliquid ETH-USD worth $30.38 million.

ETH
HYPE

Fact Check
The assessment is "likely_true" with high confidence based on strong, direct corroboration from a relevant source, despite some conflicting information and a potential misattribution.Strong Support:The most compelling evidence is from CoinNess, a crypto news source with high relevance (0.95). It directly reports that '$459 million' in forced liquidations occurred in the cryptocurrency market over a 24-hour period. This matches the key numerical value and timeframe of the statement, making the core claim highly plausible.Contradictory Evidence:There are two main points of conflict. First, another source (Bitcoin Ethereum News) mentions the '$459 million liquidated' figure but specifies it occurred within 'the last hour,' directly contradicting the 24-hour timeframe in the statement. Second, several other authoritative sources (CoinGlass, Yahoo Finance) report different, much larger 24-hour liquidation figures. However, these figures are from different time points and do not inherently disprove that $459 million was reported for a different 24-hour window.Attribution Issue:A significant weakness in the statement is the attribution to "CoinAnk." None of the provided sources, including the ones that confirm the monetary value, mention CoinAnk. Authoritative data providers like CoinGlass are cited instead. This suggests the entity named in the statement may be incorrect.Conclusion:Despite the conflicting timeframe in one lower-authority source and the likely misattribution of the reporting entity, the core substance of the statement—that a report of $459 million in crypto liquidations over 24 hours exists—is directly supported by a high-relevance news outlet (CoinNess). The evidence for the event itself is stronger than the evidence against it, warranting a 'likely_true' assessment.
Summary

Coinglass reports $303 million in total crypto liquidations over the past 24 hours, with $146 million in short positions during the last hour. The largest single liquidation was recorded on Hyperliquid ETH-USD at $30.38 million.

Terms & Concepts
  • Liquidation: The forced closure of leveraged trading positions when margin requirements are not met, often occurring during rapid market movements.
  • Short Position: A trading strategy where traders profit from a decline in an asset’s price by selling borrowed units and repurchasing them later at a lower cost.