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$1.68 Billion in Leveraged Crypto Positions Liquidated in 24 Hours

$1.68 Billion in Leveraged Crypto Positions Liquidated in 24 Hours

CoinGlass data reveals heavy long-position liquidations wiping out over 267,000 traders, as crowded leverage in BTC and ETH unwinds across major crypto exchanges.

BTC
ETH
USDT

Fact Check
While none of the provided sources contain the exact text stating '$105 million in long positions were liquidated in one hour,' the collective evidence strongly supports the high plausibility of such an event. Multiple sources identify CoinGlass as a highly authoritative, primary source for cryptocurrency liquidation data, aggregating information directly from exchanges. This confirms that the type of data mentioned in the statement is actively tracked and reported.Furthermore, a news report from another data analytics platform, CryptoRank.io, details a '$149 Million Hourly' liquidation event. This report of a similar, even larger event provides powerful contextual evidence that a $105 million liquidation within an hour is a realistic and not uncommon occurrence in the volatile cryptocurrency market. Several other sources, while not matching the specific figures, also report on large-scale liquidations (e.g., '$200M' or '$655 million'), reinforcing the general concept of massive, rapid liquidations being a regular market phenomenon. The sources mentioning '$105 million' in different contexts (an ETH purchase, project funding) are entirely irrelevant to market liquidations and do not contradict the statement. They are simply coincidental uses of the same number. Given the existence of authoritative primary sources that track this specific data and evidence of similar, larger events occurring, the statement is very likely to be true.
Summary

In the past 24 hours, $1.68 billion in leveraged cryptocurrency positions were liquidated, impacting about 267,370 traders. Long positions accounted for approximately $1.56 billion, or nearly 93% of the total, with $780 million in Bitcoin and over $414 million in Ether liquidations. The largest single liquidation was an $80.57 million BTC-USDT position on HTX. Hyperliquid led with $598 million in liquidations, followed by Bybit at $339 million and Binance at $181 million. Analysts note the sell-off was driven by overcrowded leverage unwinding rather than fresh bearish sentiment, flushing speculative excess from the market.

Terms & Concepts
  • Long Position: A trading strategy where an investor buys an asset expecting its price to increase.
  • Liquidation: The automatic closure of a leveraged position when margin requirements are no longer met due to adverse price movement.
  • Perpetuals: A type of cryptocurrency derivative contract with no expiration date, allowing traders to hold leveraged positions indefinitely as long as margin requirements are met.