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$383 Million in Crypto Positions Liquidated Within 24 Hours, Data Shows

Coinglass reports over $385 million in crypto liquidations, with shorts accounting for the majority, underscoring persistent volatility in digital asset markets.

BTC
HYPE

Summary

Coinglass data indicates $385 million in crypto liquidations over the past 24 hours, comprising $129 million from long positions and $256 million from shorts. A total of 87,742 traders were affected, with the largest single liquidation being a $13.33 million BTC-USD position on Hyperliquid. The dominance of short-side liquidations reflects heightened volatility in the cryptocurrency market.

Terms & Concepts
  • Liquidation: The forced closure of a trader's position when market movements cause account equity to fall below required maintenance margins.
  • Long Position: A trading stance where an investor buys an asset expecting its price to rise.
  • Short Position: A trading strategy where an investor sells an asset they do not own, anticipating a price drop to repurchase it at a lower value.