Back

$108 Million in Crypto Positions Liquidated Within Four Hours, Coinglass Data Shows

Coinglass reports $108 million in liquidations over a four-hour period, with shorts making up the majority at $100 million, amid market volatility.

BTC
ETH

Summary

Coinglass reported $108 million in cryptocurrency liquidations over the past four hours, with shorts making up $100 million and longs $7.65 million. Bitcoin liquidations totaled about $35.93 million, and Ethereum liquidations reached $40.53 million, reflecting continued market instability.

Terms & Concepts
  • Liquidation: A process where a trader’s leveraged position is automatically closed when margins fall below required maintenance levels.
  • Short Position: A trading strategy that profits from falling asset prices by selling borrowed assets to repurchase them at a lower price.
  • Long Position: A strategy where investors bet that an asset’s price will increase, typically by buying and holding it.