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129,160 Crypto Traders Liquidated Within 24 Hours, $585 Million Total

According to CoinGlass, $585 million in positions were liquidated, with $474 million in shorts versus $111 million in longs—the first shorts-dominant day in six weeks; the largest single loss was $10.42 million on Hyperliquid’s BTC-USD pair.

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Summary

CoinGlass reports 129,160 traders were liquidated in the past 24 hours, totaling $585 million. Short positions accounted for $474 million in losses versus $111 million from longs—the first time in six weeks that short liquidations exceeded long liquidations. The largest single liquidation was $10.42 million on Hyperliquid’s BTC-USD pair.

Terms & Concepts
  • Liquidation: The automatic closure of a leveraged position when margin falls below required thresholds, crystallizing losses to prevent further risk.
  • Shorts: Positions that profit when prices fall; they incur liquidations when prices rise sharply.
  • Longs: Positions that profit when prices rise; they incur liquidations when prices drop sharply.