Crypto Liquidations Reach $116 Million in One Hour, Led by Short Positions
According to CoinAnk data, crypto market liquidations rose to $341 million over 24 hours, with BTC and ETH accounting for most forced closures and short positions making up the larger share.
BTC
ETH
Fact Check
The statement is fully corroborated by two independent reports from reputable crypto news outlets. BlockBeats (https://m.theblockbeats.info/flash/336381) confirms the $116 million 1-hour liquidation figure and the dominance of short positions. PANews (https://www.panewslab.com/zh/articles/019cfc6b-ea32-75a1-aa02-90926b6490b7) confirms the $341 million 24-hour liquidation figure, the dominance of short positions ($229M), and that BTC and ETH accounted for the majority of the total.
Summary
CoinAnk data shows that crypto market liquidations totaled $341 million over the past 24 hours, including $112 million in long positions and $229 million in short positions. BTC accounted for $149 million in liquidations, while ETH recorded $92.56 million. The new figures represent a broader market update than the earlier one-hour liquidation snapshot and show that short-position liquidations made up the larger share of forced closures during the period.
Terms & Concepts
- Liquidation: The forced closure of a leveraged trading position when losses exceed required margin levels on an exchange.
- Long positions: Trades that aim to profit from rising asset prices and can be liquidated if the market moves down sharply.
- Short positions: Trades that aim to profit from falling asset prices but can be liquidated when prices rise instead.