Largest Crypto Long Liquidation in Three Months Recorded Today
CoinGlass reports $783 million in total crypto liquidations in 24 hours, marking sustained volatility with major losses in both long and short leveraged positions.
ETH
HYPE
Fact Check
The assessment is based on a convergence of evidence from highly authoritative and relevant sources. The primary data providers, CryptoQuant and CoinGlass, are described as platforms that track the exact data required to verify the statement—historical, daily long position liquidations. These are the definitive sources for such market information. Furthermore, the financial news article from Yahoo Finance, a credible secondary source, directly and explicitly supports the statement by reporting that a recent event caused the largest long liquidation in the last three months. There are no contradictions among the relevant sources. The other provided sources, including documents from the IRS and SEC and threads from Reddit, are correctly identified as irrelevant to the specific claim about market liquidations and therefore do not detract from the conclusion. The combination of direct confirmation from a reputable news source and the existence of verifiable primary data from specialized analytics platforms makes the statement highly probable.
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Summary
CoinGlass data indicates that in the past 24 hours, the crypto market saw $783 million in liquidations affecting 188,429 traders. Long positions accounted for $486 million of losses, while shorts saw $296 million liquidated. The largest single liquidation was a $13.52 million ETH-USD contract on Hyperliquid. These figures highlight persistent high volatility and risk across leveraged crypto trading, following recent record-long liquidations earlier in the month.
Terms & Concepts
- Long Liquidation: The forced closure of a leveraged buy position when the market moves against it, preventing further losses.
- Coinglass: A cryptocurrency analytics platform providing real-time data on derivatives, liquidations, and market trends.
- Liquidation: The automatic closing of a leveraged position by an exchange when margin requirements are not met, often resulting in a loss.