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CoinGlass: $505 Million in Crypto Liquidations Over 24 Hours, 147,171 Traders Affected

According to CoinGlass, long positions saw $362 million liquidated versus $143 million in shorts; the largest single wipeout was $11.17 million on Aster’s BTCUSDT.

Summary

CoinGlass data shows 147,171 traders were liquidated over the past 24 hours, with total crypto market liquidations reaching $505 million. Long positions accounted for $362 million and short positions for $143 million. The largest single liquidation was $11.17 million on Aster’s BTCUSDT pair.

Terms & Concepts
  • Liquidation: The forced closure of trading positions due to insufficient margin to cover potential losses.
  • Long Position: A trading stance expecting an asset's price to rise, leading to profit if the price increases.
  • Short Position: A trading stance expecting an asset's price to fall, profiting when the price declines.